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

Direxion Daily Technology Bull 3X ETF (NYSEARCA:TECL)’s share price gapped down prior to trading on Thursday. The stock had previously closed at $211.68, but opened at $198.19. Direxion Daily Technology Bull 3X ETF shares last traded at $198.6660, with a volume of 453,932 shares changing hands.

Direxion Daily Technology Bull 3X ETF Price Performance

The stock has a 50 day moving average of $214.64 and a two-hundred day moving average of $192.50. The stock has a market capitalization of $5.75 billion, a PE ratio of 36.87 and a beta of 4.13.

Institutional Trading of Direxion Daily Technology Bull 3X ETF

Several large investors have recently modified their holdings of the business. Toth Financial Advisory Corp acquired a new position in shares of Direxion Daily Technology Bull 3X ETF during the 3rd quarter valued at about $25,000. Anchor Investment Management LLC acquired a new position in shares of Direxion Daily Technology Bull 3X ETF in the 2nd quarter valued at $98,000. Allworth Financial LP acquired a new position in shares of Direxion Daily Technology Bull 3X ETF in the 2nd quarter valued at $4,568,000. Corient Private Wealth LP purchased a new position in shares of Direxion Daily Technology Bull 3X ETF in the 2nd quarter worth $232,000. Finally, LWM Advisors Inc. acquired a new position in Direxion Daily Technology Bull 3X ETF in the second quarter valued at $254,000.

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.