Stonebridge Financial Group LLC lowered its stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Free Report) by 58.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,015 shares of the exchange traded fund’s stock after selling 5,550 shares during the quarter. Stonebridge Financial Group LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $927,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Direxion Daily Technology Bull 3X Shares by 99.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 601 shares of the exchange traded fund’s stock valued at $56,000 after buying an additional 300 shares during the period. Jump Financial LLC bought a new stake in shares of Direxion Daily Technology Bull 3X Shares in the second quarter worth $1,963,000. Raymond James Financial Inc. bought a new stake in shares of Direxion Daily Technology Bull 3X Shares in the second quarter worth $94,000. Modern Wealth Management LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares during the second quarter valued at $2,279,000. Finally, Two Sigma Securities LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares during the second quarter valued at $872,000.
Direxion Daily Technology Bull 3X Shares Stock Performance
TECL stock opened at $208.39 on Wednesday. Direxion Daily Technology Bull 3X Shares has a fifty-two week low of $75.16 and a fifty-two week high of $275.40. The business’s 50-day moving average is $207.40 and its two-hundred day moving average is $153.75. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 36.87 and a beta of 4.13.
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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