Squarepoint Ops LLC lowered its stake in shares of Direxion Daily Technology Bull 3X ETF (NYSEARCA:TECL – Free Report) by 71.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 10,650 shares of the exchange traded fund’s stock after selling 26,935 shares during the period. Squarepoint Ops LLC’s holdings in Direxion Daily Technology Bull 3X ETF were worth $2,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Direxion Daily Technology Bull 3X ETF in the second quarter valued at $76,000. Dynamic Advisor Solutions LLC bought a new stake in shares of Direxion Daily Technology Bull 3X ETF during the 2nd quarter valued at $223,000. Corient Private Wealth LP purchased a new stake in Direxion Daily Technology Bull 3X ETF during the 2nd quarter worth about $232,000. LWM Advisors Inc. purchased a new stake in Direxion Daily Technology Bull 3X ETF during the 2nd quarter worth about $254,000. Finally, Westmount Partners LLC purchased a new stake in Direxion Daily Technology Bull 3X ETF during the 2nd quarter worth about $508,000.
Direxion Daily Technology Bull 3X ETF Stock Down 5.8%
Shares of NYSEARCA TECL opened at $194.00 on Tuesday. The company has a market cap of $5.69 billion, a P/E ratio of 36.87 and a beta of 4.14. Direxion Daily Technology Bull 3X ETF has a 52 week low of $75.16 and a 52 week high of $275.40. The business has a 50-day simple moving average of $195.94 and a two-hundred day simple moving average of $172.31.
Direxion Daily Technology Bull 3X ETF 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.
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Want to see what other hedge funds are holding TECL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily Technology Bull 3X ETF (NYSEARCA:TECL – Free Report).
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