Rovin Capital UT ADV Reduces Position in Direxion Daily Technology Bull 3X Shares $TECL

Rovin Capital UT ADV trimmed its holdings in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 29.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,019 shares of the exchange traded fund’s stock after selling 4,691 shares during the quarter. Rovin Capital UT ADV’s holdings in Direxion Daily Technology Bull 3X Shares were worth $1,366,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the third quarter valued at approximately $43,000. Ameritas Advisory Services LLC acquired a new position in Direxion Daily Technology Bull 3X Shares during the second quarter worth $53,000. Northwestern Mutual Wealth Management Co. grew its holdings in Direxion Daily Technology Bull 3X Shares by 99.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 601 shares of the exchange traded fund’s stock valued at $56,000 after buying an additional 300 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the 2nd quarter worth $59,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the 2nd quarter worth $94,000.

Direxion Daily Technology Bull 3X Shares Trading Up 0.3%

Shares of TECL stock opened at $120.70 on Monday. Direxion Daily Technology Bull 3X Shares has a twelve month low of $32.52 and a twelve month high of $155.50. The company’s 50-day moving average price is $122.47 and its 200-day moving average price is $116.96. The stock has a market cap of $4.06 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 announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were issued a $8.0376 dividend. This represents a $32.15 annualized dividend and a yield of 26.6%. The ex-dividend date was Wednesday, December 10th.

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.