Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report) traded up 6.4% on Tuesday . The company traded as high as $87.95 and last traded at $88.32. 955,925 shares were traded during trading, a decline of 29% from the average session volume of 1,354,146 shares. The stock had previously closed at $82.98.
Direxion Daily Technology Bull 3X Shares Price Performance
The business has a 50-day moving average of $94.17 and a two-hundred day moving average of $88.32. The company has a market cap of $3.71 billion, a P/E ratio of 50.15 and a beta of 4.03.
Institutional Trading of Direxion Daily Technology Bull 3X Shares
Institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its stake in shares of 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 period. GFG Capital LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares in the fourth quarter valued at about $216,000. Socha Financial Group LLC purchased a new position in shares of Direxion Daily Technology Bull 3X Shares in the third quarter worth about $243,000. Merit Financial Group LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter worth about $275,000. Finally, Plotkin Financial Advisors LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares in the third quarter valued at approximately $451,000.
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.
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