Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $95.13, but opened at $106.96. Direxion Daily Technology Bull 3X Shares shares last traded at $104.67, with a volume of 663,504 shares traded.
Direxion Daily Technology Bull 3X Shares Stock Up 10.0%
The business has a 50-day moving average price of $101.38 and a two-hundred day moving average price of $117.11. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 36.87 and a beta of 3.69.
Hedge Funds Weigh In On Direxion Daily Technology Bull 3X Shares
A number of institutional investors have recently modified their holdings of TECL. Gotham Asset Management LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares during the third quarter worth approximately $14,636,000. IMC Chicago LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter worth approximately $6,550,000. EP Wealth Advisors LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares in the 4th quarter valued at $4,947,000. Virtu Financial LLC raised its position in Direxion Daily Technology Bull 3X Shares by 1,035.9% in the 4th quarter. Virtu Financial LLC now owns 28,660 shares of the exchange traded fund’s stock valued at $3,367,000 after buying an additional 26,137 shares during the last quarter. Finally, Ogborne Capital Management LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares in the 4th quarter valued at $2,937,000.
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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