Traynor Capital Management Inc. Has $5.97 Million Stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Traynor Capital Management Inc. decreased its stake in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 89,497 shares of the exchange traded fund’s stock after selling 3,419 shares during the quarter. Traynor Capital Management Inc. owned about 0.19% of Direxion Daily Technology Bull 3X Shares worth $5,970,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Captrust Financial Advisors grew its position in shares of Direxion Daily Technology Bull 3X Shares by 878.0% during the 1st quarter. Captrust Financial Advisors now owns 978 shares of the exchange traded fund’s stock worth $60,000 after buying an additional 878 shares during the period. Worth Asset Management LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 1st quarter worth approximately $66,000. Anchor Investment Management LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 4th quarter worth approximately $95,000. Barclays PLC grew its position in shares of Direxion Daily Technology Bull 3X Shares by 8.6% during the 4th quarter. Barclays PLC now owns 5,703 shares of the exchange traded fund’s stock worth $126,000 after buying an additional 450 shares during the period. Finally, Tucker Asset Management LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 3rd quarter worth approximately $188,000.

Direxion Daily Technology Bull 3X Shares Stock Performance

Shares of TECL stock traded down $0.57 during trading hours on Thursday, hitting $80.07. 870,174 shares of the company were exchanged, compared to its average volume of 2,288,237. The firm has a market cap of $3.80 billion, a P/E ratio of 22.94 and a beta of 3.54. Direxion Daily Technology Bull 3X Shares has a fifty-two week low of $31.84 and a fifty-two week high of $85.53. The company has a 50 day simple moving average of $78.20 and a two-hundred day simple moving average of $62.73.

Direxion Daily Technology Bull 3X Shares 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.