Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Stock Cross Above 50-Day Moving Average of $83.91

Shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $83.91 and traded as high as $99.89. Direxion Daily Technology Bull 3X Shares shares last traded at $99.64, with a volume of 1,066,155 shares trading hands.

Direxion Daily Technology Bull 3X Shares Trading Up 4.0 %

The stock’s 50-day moving average price is $85.33 and its 200-day moving average price is $77.85. The company has a market capitalization of $4.45 billion, a P/E ratio of 50.15 and a beta of 4.03.

Institutional Trading of Direxion Daily Technology Bull 3X Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in TECL. Signaturefd LLC lifted its position in shares of Direxion Daily Technology Bull 3X Shares by 100.0% in the 4th quarter. Signaturefd LLC now owns 500 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 250 shares in the last quarter. Private Wealth Management Group LLC purchased a new position in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter valued at $33,000. Headlands Technologies LLC acquired a new position in Direxion Daily Technology Bull 3X Shares during the first quarter valued at $72,000. Rovin Capital UT ADV lifted its stake in Direxion Daily Technology Bull 3X Shares by 16.0% in the 1st quarter. Rovin Capital UT ADV now owns 9,937 shares of the exchange traded fund’s stock worth $796,000 after acquiring an additional 1,374 shares in the last quarter. Finally, Anchor Investment Management LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares during the 4th quarter worth about $95,000.

Direxion Daily Technology Bull 3X Shares Company Profile

The Direxion Daily Technology Bull 3X Shares (TECL) is an exchange-traded fund that is based on the Technology Select Sector index. The fund provides 3x leveraged exposure to a market-cap weighted index of US large-cap technology companies. TECL was launched on Dec 17, 2008 and is managed by Direxion.