Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Shares Gap Up – Still a Buy?

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $61.14, but opened at $68.74. Direxion Daily Technology Bull 3X Shares shares last traded at $67.83, with a volume of 485,328 shares.

Direxion Daily Technology Bull 3X Shares Trading Up 6.3%

The firm has a market cap of $2.93 billion, a P/E ratio of 36.41 and a beta of 3.66. The business has a 50-day moving average of $56.01 and a two-hundred day moving average of $79.26.

Institutional Trading of Direxion Daily Technology Bull 3X Shares

A number of institutional investors have recently bought and sold shares of TECL. Headlands Technologies LLC bought a new position in Direxion Daily Technology Bull 3X Shares during the first quarter worth $35,000. Park Square Financial Group LLC bought a new stake in Direxion Daily Technology Bull 3X Shares in the 4th quarter valued at about $41,000. Creative Financial Designs Inc. ADV acquired a new position in Direxion Daily Technology Bull 3X Shares during the 1st quarter worth approximately $45,000. Kane Investment Management Inc. bought a new position in Direxion Daily Technology Bull 3X Shares in the fourth quarter worth approximately $205,000. Finally, GFG Capital LLC bought a new stake in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter valued at approximately $216,000.

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.