Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Trading Up 2.7%

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)’s share price were up 2.7% on Tuesday . The company traded as high as $71.05 and last traded at $70.33. Approximately 309,546 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 2,100,525 shares. The stock had previously closed at $68.45.

Direxion Daily Technology Bull 3X Shares Price Performance

The company’s 50 day moving average is $85.46 and its 200 day moving average is $82.67. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 50.15 and a beta of 4.03.

Institutional Trading of Direxion Daily Technology Bull 3X Shares

A number of institutional investors have recently added to or reduced their stakes in TECL. Jump Financial LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter valued at $213,000. Private Wealth Management Group LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares in the 4th quarter valued at $33,000. Main Street Financial Solutions LLC purchased a new position in Direxion Daily Technology Bull 3X Shares during the 4th quarter worth approximately $1,275,000. James J. Burns & Company LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares in the 4th quarter worth about $248,000. Finally, Ogborne Capital Management LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares in the fourth quarter worth $1,668,000.

Direxion Daily Technology Bull 3X Shares Company 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.