IMC Chicago LLC Sells 33,394 Shares of Direxion Daily Technology Bull 3X Shares $TECL

IMC Chicago LLC trimmed its holdings in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 59.9% during the first quarter, Holdings Channel reports. The firm owned 22,359 shares of the exchange traded fund’s stock after selling 33,394 shares during the quarter. IMC Chicago LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $1,935,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TECL. Northwestern Mutual Wealth Management Co. grew its stake in Direxion Daily Technology Bull 3X Shares by 99.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 601 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 300 shares during the period. Jump Financial LLC acquired a new position in Direxion Daily Technology Bull 3X Shares in the second quarter valued at approximately $1,963,000. Raymond James Financial Inc. bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth approximately $94,000. Modern Wealth Management LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth approximately $2,279,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth approximately $872,000.

Direxion Daily Technology Bull 3X Shares Stock Down 3.0%

NYSEARCA:TECL opened at $197.13 on Thursday. The company has a fifty day moving average of $212.60 and a 200-day moving average of $148.00. The firm has a market capitalization of $5.72 billion, a P/E ratio of 36.87 and a beta of 4.11. Direxion Daily Technology Bull 3X Shares has a twelve month low of $75.16 and a twelve month high of $275.40.

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.