Traynor Capital Management Inc. Decreases Stock Position in Direxion Daily Technology Bull 3X Shares $TECL

Traynor Capital Management Inc. trimmed its stake in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 18.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,619 shares of the exchange traded fund’s stock after selling 18,082 shares during the quarter. Traynor Capital Management Inc. owned 0.23% of Direxion Daily Technology Bull 3X Shares worth $9,119,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Barclays PLC raised its holdings in Direxion Daily Technology Bull 3X Shares by 1.6% in the third quarter. Barclays PLC now owns 6,250 shares of the exchange traded fund’s stock valued at $777,000 after acquiring an additional 100 shares in the last quarter. Stratos Wealth Advisors LLC increased its position in shares of Direxion Daily Technology Bull 3X Shares by 0.9% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 21,031 shares of the exchange traded fund’s stock valued at $2,616,000 after purchasing an additional 192 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Direxion Daily Technology Bull 3X Shares by 99.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 601 shares of the exchange traded fund’s stock valued at $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 in the 3rd quarter valued at $43,000. Finally, J.W. Cole Advisors Inc. raised its holdings in shares of Direxion Daily Technology Bull 3X Shares by 12.3% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 3,968 shares of the exchange traded fund’s stock valued at $371,000 after purchasing an additional 434 shares in the last quarter.

Direxion Daily Technology Bull 3X Shares Trading Up 1.4%

Direxion Daily Technology Bull 3X Shares stock opened at $95.34 on Thursday. The company has a fifty day simple moving average of $106.95 and a 200-day simple moving average of $118.51. The stock has a market cap of $3.21 billion, a P/E ratio of 36.87 and a beta of 3.66. Direxion Daily Technology Bull 3X Shares has a 12-month low of $32.52 and a 12-month high of $155.50.

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.