Direxion Daily Technology Bull 3X ETF (NYSEARCA:TECL – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $171.17 and traded as low as $157.00. Direxion Daily Technology Bull 3X ETF shares last traded at $157.78, with a volume of 1,686,208 shares changing hands.
Direxion Daily Technology Bull 3X ETF Stock Performance
The stock has a market capitalization of $5.65 billion, a PE ratio of 36.87 and a beta of 4.13. The business’s 50-day moving average price is $211.02 and its 200 day moving average price is $171.17.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its stake in Direxion Daily Technology Bull 3X ETF 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. Allworth Financial LP bought a new position in shares of Direxion Daily Technology Bull 3X ETF in the 2nd quarter worth $4,568,000. Steadtrust LLC purchased a new stake in shares of Direxion Daily Technology Bull 3X ETF during the 2nd quarter valued at $36,000. Westmount Partners LLC bought a new stake in shares of Direxion Daily Technology Bull 3X ETF during the 2nd quarter worth $508,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in Direxion Daily Technology Bull 3X ETF in the third quarter worth $388,000.
Direxion Daily Technology Bull 3X ETF 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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