SBI Securities Co. Ltd. Lowers Holdings in Direxion Daily Technology Bull 3X Shares $TECL

SBI Securities Co. Ltd. trimmed its stake in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 7.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 242,579 shares of the exchange traded fund’s stock after selling 20,400 shares during the period. Direxion Daily Technology Bull 3X Shares comprises 0.7% of SBI Securities Co. Ltd.’s holdings, making the stock its 29th biggest position. SBI Securities Co. Ltd.’s holdings in Direxion Daily Technology Bull 3X Shares were worth $22,701,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in shares of Direxion Daily Technology Bull 3X Shares by 46.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 8,808 shares of the exchange traded fund’s stock valued at $516,000 after buying an additional 2,781 shares in the last quarter. Headlands Technologies LLC bought a new position in Direxion Daily Technology Bull 3X Shares in the 1st quarter valued at $35,000. Townsquare Capital LLC grew its holdings in shares of Direxion Daily Technology Bull 3X Shares by 58.6% in the first quarter. Townsquare Capital LLC now owns 17,128 shares of the exchange traded fund’s stock worth $1,003,000 after purchasing an additional 6,329 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Direxion Daily Technology Bull 3X Shares during the first quarter valued at approximately $506,000. Finally, Bulltick Wealth Management LLC bought a new stake in Direxion Daily Technology Bull 3X Shares during the 1st quarter valued at $241,000.

Direxion Daily Technology Bull 3X Shares Stock Performance

Shares of TECL opened at $135.45 on Wednesday. The stock has a market capitalization of $4.52 billion, a PE ratio of 36.87 and a beta of 3.66. The company has a 50 day moving average price of $125.89 and a 200-day moving average price of $100.99. Direxion Daily Technology Bull 3X Shares has a fifty-two week low of $32.52 and a fifty-two week high of $155.50.

Direxion Daily Technology Bull 3X Shares 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.