Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $215.49, but opened at $235.00. Direxion Daily Technology Bull 3X Shares shares last traded at $237.80, with a volume of 337,874 shares trading hands.
Direxion Daily Technology Bull 3X Shares Stock Up 10.8%
The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of 36.87 and a beta of 4.12. The company has a 50-day moving average price of $173.60 and a 200-day moving average price of $133.64.
Institutional Investors Weigh In On Direxion Daily Technology Bull 3X Shares
Several hedge funds and other institutional investors have recently made changes to their positions in TECL. BankPlus Trust Department acquired a new stake in Direxion Daily Technology Bull 3X Shares during the fourth quarter worth about $47,000. Northwestern Mutual Wealth Management Co. grew its position in Direxion Daily Technology Bull 3X Shares by 99.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 601 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 300 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares during the fourth quarter worth about $88,000. Raymond James Financial Inc. acquired a new stake in Direxion Daily Technology Bull 3X Shares during the second quarter worth about $94,000. Finally, Wealth Watch Advisors INC acquired a new stake in Direxion Daily Technology Bull 3X Shares during the third quarter worth about $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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