Steadtrust LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,000 shares of the exchange traded fund’s stock, valued at approximately $36,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TECL. Northwestern Mutual Wealth Management Co. increased its position in shares of Direxion Daily Technology Bull 3X Shares by 99.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 601 shares of the exchange traded fund’s stock worth $56,000 after acquiring an additional 300 shares during the period. Jump Financial LLC purchased a new position in Direxion Daily Technology Bull 3X Shares in the second quarter valued at $1,963,000. Raymond James Financial Inc. purchased a new position in Direxion Daily Technology Bull 3X Shares in the second quarter valued at $94,000. Modern Wealth Management LLC acquired a new position in Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth $2,279,000. Finally, Two Sigma Securities LLC acquired a new position in Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth $872,000.
Direxion Daily Technology Bull 3X Shares Price Performance
Shares of NYSEARCA TECL opened at $211.64 on Monday. The stock’s 50-day moving average is $205.86 and its two-hundred day moving average is $155.56. Direxion Daily Technology Bull 3X Shares has a 1-year low of $75.16 and a 1-year high of $275.40. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 36.87 and a beta of 4.13.
Direxion Daily Technology Bull 3X Shares 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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