Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report)’s stock price dropped 6.4% during trading on Tuesday . The company traded as low as $221.64 and last traded at $223.80. Approximately 583,308 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 1,421,865 shares. The stock had previously closed at $239.21.
Direxion Daily Technology Bull 3X Shares Stock Performance
The firm has a fifty day simple moving average of $176.54 and a two-hundred day simple moving average of $134.50. The firm has a market cap of $7.40 billion, a PE ratio of 36.87 and a beta of 4.12.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of TECL. BankPlus Trust Department bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the 4th quarter valued at approximately $47,000. Northwestern Mutual Wealth Management Co. boosted its position 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 acquiring an additional 300 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the 4th quarter valued at approximately $88,000. Raymond James Financial Inc. bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter valued at approximately $94,000. Finally, Wealth Watch Advisors INC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the 3rd quarter valued at approximately $117,000.
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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