Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Trading Down 6.5% – What’s Next?

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) fell 6.5% during mid-day trading on Monday . The company traded as low as $79.39 and last traded at $80.45. 548,346 shares changed hands during trading, a decline of 58% from the average session volume of 1,311,402 shares. The stock had previously closed at $86.01.

Direxion Daily Technology Bull 3X Shares Stock Up 4.3 %

The company’s 50-day moving average is $93.62 and its 200 day moving average is $87.91. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 50.15 and a beta of 4.03.

Institutional Trading of Direxion Daily Technology Bull 3X Shares

Institutional investors have recently bought and sold shares of the business. Sollinda Capital Management LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares during the third quarter valued at approximately $20,933,000. Axxcess Wealth Management LLC acquired a new position in Direxion Daily Technology Bull 3X Shares in the 3rd quarter valued at $3,473,000. Larson Financial Group LLC lifted its holdings in Direxion Daily Technology Bull 3X Shares by 1,753.3% in the 3rd quarter. Larson Financial Group LLC now owns 6,746 shares of the exchange traded fund’s stock valued at $591,000 after purchasing an additional 6,382 shares in the last quarter. Plotkin Financial Advisors LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares during the 3rd quarter worth $451,000. Finally, Oxinas Partners Wealth Management LLC grew its holdings in shares of Direxion Daily Technology Bull 3X Shares by 22.0% during the fourth quarter. Oxinas Partners Wealth Management LLC now owns 23,304 shares of the exchange traded fund’s stock worth $2,110,000 after buying an additional 4,205 shares in the last quarter.

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.