Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Short Interest Update

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 264,050 shares, a decrease of 66.6% from the December 15th total of 790,424 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 751,508 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 751,508 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.8% of the shares of the stock are sold short.

Direxion Daily Technology Bull 3X Shares Price Performance

TECL stock traded up $1.84 during mid-day trading on Thursday, hitting $120.36. 1,243,434 shares of the stock were exchanged, compared to its average volume of 944,122. The business has a fifty day moving average price of $122.64 and a 200 day moving average price of $116.43. Direxion Daily Technology Bull 3X Shares has a 12 month low of $32.52 and a 12 month high of $155.50. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 36.87 and a beta of 3.66.

Direxion Daily Technology Bull 3X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were issued a dividend of $8.0376 per share. This represents a $32.15 dividend on an annualized basis and a dividend yield of 26.7%. The ex-dividend date of this dividend was Wednesday, December 10th.

Institutional Trading of Direxion Daily Technology Bull 3X Shares

Hedge funds and other institutional investors have recently bought and sold shares of the company. Main Street Group LTD raised its stake in shares of Direxion Daily Technology Bull 3X Shares by 101.9% during the second quarter. Main Street Group LTD now owns 2,562 shares of the exchange traded fund’s stock worth $240,000 after acquiring an additional 1,293 shares in the last quarter. Oxinas Partners Wealth Management LLC boosted its stake in shares of Direxion Daily Technology Bull 3X Shares by 85.9% in the 2nd quarter. Oxinas Partners Wealth Management LLC now owns 55,034 shares of the exchange traded fund’s stock valued at $5,150,000 after purchasing an additional 25,435 shares in the last quarter. Kelly Financial Services LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter valued at $204,000. PFG Investments LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter valued at $229,000. Finally, Ameritas Advisory Services LLC purchased a new position in Direxion Daily Technology Bull 3X Shares in the 2nd quarter worth $53,000.

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.