Shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $183.36, but opened at $169.07. Direxion Daily Technology Bull 3X Shares shares last traded at $168.62, with a volume of 401,248 shares trading hands.
Direxion Daily Technology Bull 3X Shares Price Performance
The stock’s fifty day simple moving average is $212.77 and its two-hundred day simple moving average is $148.42. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 36.87 and a beta of 4.11.
Institutional Investors Weigh In On Direxion Daily Technology Bull 3X Shares
A number of institutional investors have recently modified their holdings of the business. Gotham Asset Management LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares during the third quarter worth about $14,636,000. IMC Chicago LLC acquired a new position in Direxion Daily Technology Bull 3X Shares in the fourth quarter valued at approximately $6,550,000. EP Wealth Advisors LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter valued at approximately $4,947,000. Virtu Financial LLC grew its holdings in shares of Direxion Daily Technology Bull 3X Shares by 1,035.9% during the fourth quarter. Virtu Financial LLC now owns 28,660 shares of the exchange traded fund’s stock valued at $3,367,000 after purchasing an additional 26,137 shares during the last quarter. Finally, Ogborne Capital Management LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter valued at approximately $2,937,000.
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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