IMC Chicago LLC Purchases Shares of 55,753 Direxion Daily Technology Bull 3X Shares $TECL

IMC Chicago LLC purchased a new stake in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 55,753 shares of the exchange traded fund’s stock, valued at approximately $6,550,000.

Several other institutional investors have also added to or reduced their stakes in the company. Gotham Asset Management LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares during the 3rd quarter valued at $14,636,000. Mariner LLC boosted its position in Direxion Daily Technology Bull 3X Shares by 40.3% during the 3rd quarter. Mariner LLC now owns 43,510 shares of the exchange traded fund’s stock valued at $5,411,000 after buying an additional 12,500 shares during the period. Flow Traders U.S. LLC boosted its position in Direxion Daily Technology Bull 3X Shares by 102.6% during the 3rd quarter. Flow Traders U.S. LLC now owns 35,840 shares of the exchange traded fund’s stock valued at $4,457,000 after buying an additional 18,150 shares during the period. Modern Wealth Management LLC boosted its position in Direxion Daily Technology Bull 3X Shares by 16.4% during the 3rd quarter. Modern Wealth Management LLC now owns 28,358 shares of the exchange traded fund’s stock valued at $3,527,000 after buying an additional 4,000 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in Direxion Daily Technology Bull 3X Shares during the 2nd quarter valued at $2,299,000.

Direxion Daily Technology Bull 3X Shares Stock Up 2.2%

Shares of TECL opened at $145.10 on Thursday. The stock has a market capitalization of $4.81 billion, a P/E ratio of 36.87 and a beta of 3.71. The firm has a fifty day simple moving average of $107.55 and a two-hundred day simple moving average of $117.51. Direxion Daily Technology Bull 3X Shares has a twelve month low of $50.26 and a twelve month high of $155.50.

Direxion Daily Technology Bull 3X Shares 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.