Shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report) traded down 6.4% during mid-day trading on Tuesday . The stock traded as low as $221.64 and last traded at $223.80. Approximately 583,308 shares traded hands during trading, a decline of 59% from the average daily volume of 1,421,865 shares. The stock had previously closed at $239.21.
Direxion Daily Technology Bull 3X Shares Stock Up 9.0%
The company has a market cap of $7.72 billion, a P/E ratio of 36.87 and a beta of 4.12. The business’s 50 day moving average is $181.55 and its 200 day moving average is $135.87.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Gotham Asset Management LLC bought a new stake in Direxion Daily Technology Bull 3X Shares during the third quarter valued at about $14,636,000. PNC Financial Services Group Inc. raised its holdings in Direxion Daily Technology Bull 3X Shares by 14.5% in 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 in the last quarter. IMC Chicago LLC purchased a new stake in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter valued at about $6,550,000. Mariner LLC lifted its position 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 valued at $5,382,000 after buying an additional 2,295 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter valued at about $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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