Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report)’s stock price fell 10.9% during trading on Tuesday . The stock traded as low as $178.48 and last traded at $178.86. 1,158,001 shares changed hands during trading, a decline of 19% from the average session volume of 1,436,356 shares. The stock had previously closed at $200.70.
Direxion Daily Technology Bull 3X Shares Stock Performance
The firm’s 50-day moving average price is $115.97 and its 200 day moving average price is $119.50. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 36.87 and a beta of 3.96.
Institutional Investors Weigh In On Direxion Daily Technology Bull 3X Shares
A number of hedge funds have recently made changes to their positions in TECL. BankPlus Trust Department bought a new position in Direxion Daily Technology Bull 3X Shares in the 4th quarter valued at approximately $47,000. Northwestern Mutual Wealth Management Co. raised its holdings in Direxion Daily Technology Bull 3X Shares by 99.7% in 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 last quarter. Kestra Advisory Services LLC bought a new position in Direxion Daily Technology Bull 3X Shares during the 4th quarter worth approximately $88,000. Raymond James Financial Inc. bought a new position in Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth approximately $94,000. Finally, Wealth Watch Advisors INC bought a new position in Direxion Daily Technology Bull 3X Shares during the 3rd quarter worth approximately $117,000.
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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