Direxion Daily Technology Bull 3X ETF (NYSEARCA:TECL) Shares Gap Down – What’s Next?

Direxion Daily Technology Bull 3X ETF (NYSEARCA:TECL) gapped down prior to trading on Thursday. The stock had previously closed at $152.62, but opened at $140.75. Direxion Daily Technology Bull 3X ETF shares last traded at $145.51, with a volume of 222,429 shares.

Direxion Daily Technology Bull 3X ETF Stock Down 0.4%

The firm has a fifty day moving average price of $203.88 and a two-hundred day moving average price of $172.14. The stock has a market capitalization of $4.52 billion, a P/E ratio of 33.07 and a beta of 4.22.

Institutional Trading of Direxion Daily Technology Bull 3X ETF

Institutional investors have recently bought and sold shares of the company. Toth Financial Advisory Corp bought a new stake in Direxion Daily Technology Bull 3X ETF during the 3rd quarter valued at about $25,000. Steadtrust LLC purchased a new position in Direxion Daily Technology Bull 3X ETF in the second quarter worth about $36,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Direxion Daily Technology Bull 3X ETF in the second quarter worth approximately $76,000. Anchor Investment Management LLC bought a new position in shares of Direxion Daily Technology Bull 3X ETF in the second quarter worth approximately $98,000. Finally, Covestor Ltd lifted its stake in shares of Direxion Daily Technology Bull 3X ETF by 12.1% in the third quarter. Covestor Ltd now owns 696 shares of the exchange traded fund’s stock worth $162,000 after buying an additional 75 shares in the last quarter.

Direxion Daily Technology Bull 3X ETF 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.