World Equity Group Inc. Sells 4,075 Shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

World Equity Group Inc. decreased its position in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 51.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,890 shares of the exchange traded fund’s stock after selling 4,075 shares during the quarter. World Equity Group Inc.’s holdings in Direxion Daily Technology Bull 3X Shares were worth $340,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in Direxion Daily Technology Bull 3X Shares during the first quarter worth $72,000. Farther Finance Advisors LLC increased its holdings in Direxion Daily Technology Bull 3X Shares by 4,000.0% during the third quarter. Farther Finance Advisors LLC now owns 943 shares of the exchange traded fund’s stock worth $83,000 after buying an additional 920 shares during the last quarter. Valmark Advisers Inc. purchased a new position in Direxion Daily Technology Bull 3X Shares in the second quarter valued at about $201,000. Onyx Bridge Wealth Group LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter valued at approximately $226,000. Finally, PFG Investments LLC purchased a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth approximately $253,000.

Direxion Daily Technology Bull 3X Shares Stock Down 0.3 %

Shares of NYSEARCA:TECL opened at $83.35 on Tuesday. The company has a 50-day moving average price of $84.70 and a two-hundred day moving average price of $84.98. Direxion Daily Technology Bull 3X Shares has a twelve month low of $48.20 and a twelve month high of $112.78. The firm has a market capitalization of $3.53 billion, a PE ratio of 50.15 and a beta of 4.03.

About Direxion Daily Technology Bull 3X Shares

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.