Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $192.70, but opened at $203.76. Direxion Daily Technology Bull 3X Shares shares last traded at $205.51, with a volume of 134,116 shares.
Direxion Daily Technology Bull 3X Shares Stock Performance
The stock has a market cap of $6.04 billion, a PE ratio of 36.87 and a beta of 4.13. The company’s 50-day moving average price is $199.24 and its 200 day moving average price is $163.51.
Institutional Investors Weigh In On Direxion Daily Technology Bull 3X Shares
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TECL. Steadtrust LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares in the 2nd quarter valued at $36,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Direxion Daily Technology Bull 3X Shares by 99.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 601 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 300 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth about $76,000. Kestra Advisory Services LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares in the 4th quarter valued at about $88,000. Finally, Raymond James Financial Inc. purchased a new stake in Direxion Daily Technology Bull 3X Shares in the 2nd quarter valued at about $94,000.
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.
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