Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report) shares were up 15.3% during trading on Thursday . The stock traded as high as $175.17 and last traded at $173.13. Approximately 406,114 shares were traded during trading, a decline of 69% from the average session volume of 1,305,593 shares. The stock had previously closed at $150.12.
Direxion Daily Technology Bull 3X Shares Trading Down 0.5%
The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 36.87 and a beta of 4.11. The stock has a 50-day moving average price of $208.24 and a two-hundred day moving average price of $152.50.
Institutional Investors Weigh In On Direxion Daily Technology Bull 3X Shares
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Steadtrust LLC purchased a new stake in shares of Direxion Daily Technology Bull 3X Shares during the second quarter worth about $36,000. BankPlus Trust Department acquired a new position in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter valued at about $47,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Direxion Daily Technology Bull 3X Shares by 99.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 601 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 300 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Direxion Daily Technology Bull 3X Shares in the 2nd quarter valued at approximately $76,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Direxion Daily Technology Bull 3X Shares in the 4th quarter valued at approximately $88,000.
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.
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