Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $202.59, but opened at $218.45. Direxion Daily Technology Bull 3X Shares shares last traded at $217.76, with a volume of 318,829 shares trading hands.
Direxion Daily Technology Bull 3X Shares Price Performance
The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 36.87 and a beta of 4.12. The firm’s fifty day moving average is $161.38 and its 200-day moving average is $130.36.
Institutional Trading of Direxion Daily Technology Bull 3X Shares
Several institutional investors have recently added to or reduced their stakes in the stock. Gotham Asset Management LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares in the third quarter valued at $14,636,000. PNC Financial Services Group Inc. raised its holdings in shares of Direxion Daily Technology Bull 3X Shares by 14.5% during the first quarter. PNC Financial Services Group Inc. now owns 63,020 shares of the exchange traded fund’s stock worth $5,454,000 after purchasing an additional 8,000 shares during the period. IMC Chicago LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter worth $6,550,000. Mariner LLC raised its holdings in shares of Direxion Daily Technology Bull 3X Shares by 5.3% during the fourth quarter. Mariner LLC now owns 45,805 shares of the exchange traded fund’s stock worth $5,382,000 after purchasing an additional 2,295 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter worth $4,947,000.
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.
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