Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Shares Down 6.3%

Posted by Tyrone Williams on Apr 19th, 2024

Shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report) were down 6.3% on Friday . The company traded as low as $61.82 and last traded at $62.38. Approximately 4,324,685 shares traded hands during trading, an increase of 87% from the average daily volume of 2,309,432 shares. The stock had previously closed at $66.56.

Direxion Daily Technology Bull 3X Shares Stock Down 6.3 %

The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 55.13 and a beta of 3.95. The business has a 50-day moving average of $78.25 and a two-hundred day moving average of $65.85.

Institutional Investors Weigh In On Direxion Daily Technology Bull 3X Shares

Institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC bought a new position in Direxion Daily Technology Bull 3X Shares during the fourth quarter worth about $16,915,000. UBS Group AG lifted its stake in Direxion Daily Technology Bull 3X Shares by 152.0% during the first quarter. UBS Group AG now owns 118,695 shares of the exchange traded fund’s stock worth $7,292,000 after purchasing an additional 71,587 shares during the period. Virtu Financial LLC bought a new position in Direxion Daily Technology Bull 3X Shares during the fourth quarter worth about $1,487,000. Jane Street Group LLC bought a new position in Direxion Daily Technology Bull 3X Shares during the fourth quarter worth about $1,482,000. Finally, EP Wealth Advisors LLC lifted its stake in Direxion Daily Technology Bull 3X Shares by 11.7% during the fourth quarter. EP Wealth Advisors LLC now owns 48,661 shares of the exchange traded fund’s stock worth $3,246,000 after purchasing an additional 5,091 shares during the period.

Direxion Daily Technology Bull 3X Shares Company Profile

(Get Free Report)

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.