Ogborne Capital Management LLC Acquires New Stake in Direxion Daily Technology Bull 3X Shares $TECL

Ogborne Capital Management LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 25,000 shares of the exchange traded fund’s stock, valued at approximately $2,937,000. Direxion Daily Technology Bull 3X Shares comprises approximately 0.9% of Ogborne Capital Management LLC’s portfolio, making the stock its 10th largest holding. Ogborne Capital Management LLC owned 0.07% of Direxion Daily Technology Bull 3X Shares as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. BankPlus Trust Department acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter valued at $47,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Direxion Daily Technology Bull 3X Shares by 99.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 601 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 300 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter valued at $88,000. Raymond James Financial Inc. acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the second quarter valued at $94,000. Finally, Wealth Watch Advisors INC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the third quarter valued at $117,000.

Direxion Daily Technology Bull 3X Shares Stock Up 11.0%

TECL opened at $239.21 on Tuesday. The firm has a market cap of $7.81 billion, a P/E ratio of 36.87 and a beta of 4.12. Direxion Daily Technology Bull 3X Shares has a 52 week low of $75.16 and a 52 week high of $275.40. The business’s fifty day simple moving average is $176.54 and its 200 day simple moving average is $134.50.

Direxion Daily Technology Bull 3X Shares 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.