Oxinas Partners Wealth Management LLC Trims Stake in Direxion Daily Technology Bull 3X Shares $TECL

Oxinas Partners Wealth Management LLC lessened its position in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 96.8% in the third quarter, HoldingsChannel reports. The firm owned 1,770 shares of the exchange traded fund’s stock after selling 53,264 shares during the quarter. Oxinas Partners Wealth Management LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $220,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Stratos Wealth Advisors LLC grew its stake in Direxion Daily Technology Bull 3X Shares by 0.9% in the third quarter. Stratos Wealth Advisors LLC now owns 21,031 shares of the exchange traded fund’s stock worth $2,616,000 after purchasing an additional 192 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Direxion Daily Technology Bull 3X Shares by 99.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 601 shares of the exchange traded fund’s stock valued at $56,000 after buying an additional 300 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Direxion Daily Technology Bull 3X Shares in the 3rd quarter worth about $43,000. J.W. Cole Advisors Inc. grew its position in shares of Direxion Daily Technology Bull 3X Shares by 12.3% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 3,968 shares of the exchange traded fund’s stock worth $371,000 after buying an additional 434 shares during the period. Finally, Socha Financial Group LLC increased its stake in shares of Direxion Daily Technology Bull 3X Shares by 21.8% in the 3rd quarter. Socha Financial Group LLC now owns 2,833 shares of the exchange traded fund’s stock worth $352,000 after acquiring an additional 508 shares in the last quarter.

Direxion Daily Technology Bull 3X Shares Price Performance

NYSEARCA:TECL opened at $103.57 on Friday. The firm has a market capitalization of $3.49 billion, a P/E ratio of 36.87 and a beta of 3.66. Direxion Daily Technology Bull 3X Shares has a one year low of $32.52 and a one year high of $155.50. The company’s 50-day simple moving average is $118.33 and its 200 day simple moving average is $118.74.

Direxion Daily Technology Bull 3X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 10th were given a $8.0376 dividend. This represents a $32.15 dividend on an annualized basis and a dividend yield of 31.0%. The ex-dividend date of this dividend was Wednesday, December 10th.

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.