Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $89.59 and traded as high as $92.54. Direxion Daily Technology Bull 3X Shares shares last traded at $91.88, with a volume of 1,483,905 shares traded.
Direxion Daily Technology Bull 3X Shares Stock Down 6.7 %
The stock has a market cap of $3.64 billion, a PE ratio of 50.15 and a beta of 4.03. The stock has a 50-day moving average of $94.85 and a 200 day moving average of $89.61.
Institutional Investors Weigh In On Direxion Daily Technology Bull 3X Shares
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC increased its stake in Direxion Daily Technology Bull 3X Shares by 28.9% during the third quarter. Barclays PLC now owns 7,345 shares of the exchange traded fund’s stock worth $643,000 after acquiring an additional 1,645 shares during the last quarter. EP Wealth Advisors LLC grew its stake in shares of Direxion Daily Technology Bull 3X Shares by 2.1% in the third quarter. EP Wealth Advisors LLC now owns 52,396 shares of the exchange traded fund’s stock valued at $4,586,000 after buying an additional 1,066 shares in the last quarter. Plotkin Financial Advisors LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the third quarter valued at $451,000. Larson Financial Group LLC grew its stake in shares of Direxion Daily Technology Bull 3X Shares by 1,753.3% in the third quarter. Larson Financial Group LLC now owns 6,746 shares of the exchange traded fund’s stock valued at $591,000 after buying an additional 6,382 shares in the last quarter. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the third quarter valued at $3,473,000.
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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