Steadtrust LLC Acquires Shares of 11,000 Direxion Daily Technology Bull 3X Shares $TECL

Steadtrust LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 11,000 shares of the exchange traded fund’s stock, valued at approximately $36,000.

Several other large investors have also recently bought and sold shares of TECL. BankPlus Trust Department acquired a new stake in Direxion Daily Technology Bull 3X Shares in the fourth quarter valued at $47,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 acquiring an additional 300 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth about $76,000. Kestra Advisory Services LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 4th quarter worth about $88,000. Finally, Raymond James Financial Inc. purchased a new stake in Direxion Daily Technology Bull 3X Shares during the second quarter worth approximately $94,000.

Direxion Daily Technology Bull 3X Shares Price Performance

Shares of TECL opened at $211.64 on Monday. The stock has a 50 day moving average price of $205.86 and a 200 day moving average price of $155.56. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 36.87 and a beta of 4.13. Direxion Daily Technology Bull 3X Shares has a 52-week low of $75.16 and a 52-week high of $275.40.

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.