Shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report) were down 6.7% during trading on Monday . The company traded as low as $197.35 and last traded at $197.53. Approximately 115,505 shares were traded during trading, a decline of 91% from the average session volume of 1,352,071 shares. The stock had previously closed at $211.70.
Direxion Daily Technology Bull 3X Shares Price Performance
The company has a market capitalization of $5.87 billion, a P/E ratio of 36.87 and a beta of 4.11. The company has a fifty day moving average price of $210.37 and a two-hundred day moving average price of $146.40.
Institutional Investors Weigh In On Direxion Daily Technology Bull 3X Shares
Hedge funds have recently added to or reduced their stakes in the business. Gotham Asset Management LLC acquired a new position in Direxion Daily Technology Bull 3X Shares in the 3rd quarter valued at approximately $14,636,000. PNC Financial Services Group Inc. raised its stake 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 valued at $5,454,000 after acquiring an additional 8,000 shares during the last quarter. IMC Chicago LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter worth $6,550,000. Mariner LLC lifted 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 position 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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