Group One Trading LLC decreased its holdings in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Free Report) by 73.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,176 shares of the exchange traded fund’s stock after selling 5,926 shares during the quarter. Group One Trading LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $188,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the business. BankPlus Trust Department acquired a new stake in Direxion Daily Technology Bull 3X Shares in the fourth quarter valued at $47,000. Northwestern Mutual Wealth Management Co. grew its stake 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 worth $56,000 after purchasing an additional 300 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Direxion Daily Technology Bull 3X Shares in the 4th quarter valued at about $88,000. Raymond James Financial Inc. purchased a new position in shares of Direxion Daily Technology Bull 3X Shares in the 2nd quarter valued at about $94,000. Finally, Wealth Watch Advisors INC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the third quarter valued at about $117,000.
Direxion Daily Technology Bull 3X Shares Stock Down 0.8%
Shares of NYSEARCA TECL opened at $191.29 on Thursday. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 36.87 and a beta of 4.11. Direxion Daily Technology Bull 3X Shares has a 52 week low of $75.16 and a 52 week high of $275.40. The firm has a 50-day moving average price of $211.91 and a 200 day moving average price of $150.26.
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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