Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $199.99 and last traded at $197.41, with a volume of 199104 shares traded. The stock had previously closed at $193.09.
Direxion Daily Technology Bull 3X Shares Stock Up 2.9%
The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 36.87 and a beta of 3.96. The stock has a 50 day moving average of $112.43 and a 200 day moving average of $118.57.
Hedge Funds Weigh In On Direxion Daily Technology Bull 3X Shares
A number of large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in Direxion Daily Technology Bull 3X Shares by 14.5% in the first quarter. PNC Financial Services Group Inc. now owns 63,020 shares of the exchange traded fund’s stock worth $5,454,000 after acquiring an additional 8,000 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in Direxion Daily Technology Bull 3X Shares in the first quarter worth about $346,000. Virtu Financial LLC lifted its holdings in Direxion Daily Technology Bull 3X Shares by 1,035.9% in the fourth quarter. Virtu Financial LLC now owns 28,660 shares of the exchange traded fund’s stock worth $3,367,000 after acquiring an additional 26,137 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in Direxion Daily Technology Bull 3X Shares by 154.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,006 shares of the exchange traded fund’s stock worth $706,000 after acquiring an additional 3,650 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in Direxion Daily Technology Bull 3X Shares by 2.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,245 shares of the exchange traded fund’s stock worth $616,000 after acquiring an additional 130 shares during the last quarter.
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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