Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Trading Down 4.5%

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)’s share price fell 4.5% on Tuesday . The company traded as low as $83.31 and last traded at $83.55. 129,726 shares traded hands during trading, a decline of 94% from the average session volume of 2,016,705 shares. The stock had previously closed at $87.53.

Direxion Daily Technology Bull 3X Shares Trading Up 2.0 %

The business’s fifty day moving average price is $79.21 and its two-hundred day moving average price is $82.94. The firm has a market cap of $3.51 billion, a P/E ratio of 50.15 and a beta of 4.03.

Hedge Funds Weigh In On Direxion Daily Technology Bull 3X Shares

Several institutional investors have recently bought and sold shares of TECL. Headlands Technologies LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares during the 1st quarter valued at about $72,000. Valmark Advisers Inc. bought a new position in shares of Direxion Daily Technology Bull 3X Shares in the second quarter valued at approximately $201,000. Onyx Bridge Wealth Group LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares in the second quarter valued at approximately $226,000. PFG Investments LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the second quarter worth $253,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth $271,000.

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.