Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 404,259 shares, a decline of 41.0% from the June 30th total of 684,950 shares. Based on an average daily trading volume, of 828,983 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.4% of the company’s stock are sold short.
Direxion Daily Technology Bull 3X Shares Trading Up 16.2%
NYSEARCA:TECL traded up $24.33 during mid-day trading on Thursday, hitting $174.45. The stock had a trading volume of 1,205,654 shares, compared to its average volume of 1,308,719. Direxion Daily Technology Bull 3X Shares has a twelve month low of $75.16 and a twelve month high of $275.40. The stock has a 50-day simple moving average of $209.47 and a two-hundred day simple moving average of $151.99. The company has a market capitalization of $5.10 billion, a PE ratio of 36.87 and a beta of 4.11.
Institutional Investors Weigh In On Direxion Daily Technology Bull 3X Shares
A number of hedge funds and other institutional investors have recently modified their holdings of TECL. LWM Advisors Inc. acquired a new position in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth about $254,000. Steadtrust LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth about $36,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth about $76,000. Westmount Partners LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares during the second quarter worth approximately $508,000. Finally, Dynamic Advisor Solutions LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares during the second quarter worth approximately $223,000.
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.
Featured Stories
- Five stocks we like better than Direxion Daily Technology Bull 3X Shares
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Receive News & Ratings for Direxion Daily Technology Bull 3X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Technology Bull 3X Shares and related companies with MarketBeat.com's FREE daily email newsletter.
-etf-logo-1200x675.png){kind=logo}
