Lido Advisors LLC lowered its position in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Free Report) by 50.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,908 shares of the exchange traded fund’s stock after selling 2,996 shares during the quarter. Lido Advisors LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $252,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Gotham Asset Management LLC bought a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 3rd quarter valued at $14,636,000. PNC Financial Services Group Inc. increased its stake in Direxion Daily Technology Bull 3X Shares by 14.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 63,020 shares of the exchange traded fund’s stock worth $5,454,000 after buying an additional 8,000 shares in the last quarter. IMC Chicago LLC bought a new stake in 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% in the fourth quarter. Mariner LLC now owns 45,805 shares of the exchange traded fund’s stock valued at $5,382,000 after acquiring an additional 2,295 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares in the fourth quarter worth about $4,947,000.
Direxion Daily Technology Bull 3X Shares Trading Down 0.5%
NYSEARCA:TECL opened at $173.55 on Friday. The stock has a 50-day moving average price of $208.24 and a 200 day moving average price of $152.50. The stock has a market capitalization of $5.09 billion, a P/E ratio of 36.87 and a beta of 4.11. Direxion Daily Technology Bull 3X Shares has a 12-month low of $75.16 and a 12-month high of $275.40.
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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