Shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $206.15, but opened at $223.80. Direxion Daily Technology Bull 3X Shares shares last traded at $202.99, with a volume of 270,081 shares trading hands.
Direxion Daily Technology Bull 3X Shares Price Performance
The business’s 50-day moving average price is $193.68 and its 200-day moving average price is $139.35. The firm has a market capitalization of $6.77 billion, a PE ratio of 36.87 and a beta of 4.12.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of TECL. BankPlus Trust Department acquired a new position in Direxion Daily Technology Bull 3X Shares in the fourth quarter valued at $47,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 during the period. Kestra Advisory Services LLC purchased a new position in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter worth about $88,000. Raymond James Financial Inc. purchased a new position in shares of Direxion Daily Technology Bull 3X Shares during the second quarter worth about $94,000. Finally, Wealth Watch Advisors INC acquired a new position in Direxion Daily Technology Bull 3X Shares in the 3rd quarter valued at 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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