Direxion Daily Technology Bull 3X ETF (NYSEARCA:TECL – Get Free Report) gapped up before the market opened on Monday. The stock had previously closed at $188.71, but opened at $199.83. Direxion Daily Technology Bull 3X ETF shares last traded at $196.0320, with a volume of 125,955 shares traded.
Direxion Daily Technology Bull 3X ETF Trading Up 5.6%
The stock has a fifty day moving average of $214.27 and a two-hundred day moving average of $194.18. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 36.87 and a beta of 4.13.
Institutional Trading of Direxion Daily Technology Bull 3X ETF
Several large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its stake in shares of Direxion Daily Technology Bull 3X ETF by 14.5% in the first quarter. PNC Financial Services Group Inc. now owns 63,020 shares of the exchange traded fund’s stock valued at $5,454,000 after buying an additional 8,000 shares in the last quarter. Allworth Financial LP acquired a new position in Direxion Daily Technology Bull 3X ETF during the 2nd quarter worth about $4,568,000. Westmount Partners LLC acquired a new position in Direxion Daily Technology Bull 3X ETF during the 2nd quarter worth about $508,000. Halbert Hargrove Global Advisors LLC bought a new stake in Direxion Daily Technology Bull 3X ETF during the 3rd quarter worth about $388,000. Finally, LWM Advisors Inc. bought a new stake in Direxion Daily Technology Bull 3X ETF during the 2nd quarter worth about $254,000.
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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