Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Trading Up 8.3%

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)’s share price shot up 8.3% on Thursday . The stock traded as high as $84.99 and last traded at $84.51. 353,617 shares were traded during trading, a decline of 83% from the average session volume of 2,067,802 shares. The stock had previously closed at $78.01.

Direxion Daily Technology Bull 3X Shares Stock Performance

The company has a market capitalization of $3.55 billion, a P/E ratio of 50.15 and a beta of 4.03. The stock’s fifty day moving average price is $80.77 and its 200-day moving average price is $82.64.

Institutional Trading of Direxion Daily Technology Bull 3X Shares

Several institutional investors and hedge funds have recently bought and sold shares of the business. Trinity Legacy Partners LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth approximately $988,000. Squarepoint Ops LLC bought a new position in Direxion Daily Technology Bull 3X Shares during the second quarter worth $3,956,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Direxion Daily Technology Bull 3X Shares in the second quarter valued at $338,000. Virtu Financial LLC raised its position in shares of Direxion Daily Technology Bull 3X Shares by 577.2% in the second quarter. Virtu Financial LLC now owns 27,149 shares of the exchange traded fund’s stock valued at $2,644,000 after purchasing an additional 23,140 shares during the period. Finally, Main Street Financial Solutions LLC lifted its stake in shares of Direxion Daily Technology Bull 3X Shares by 27.5% during the 2nd quarter. Main Street Financial Solutions LLC now owns 15,094 shares of the exchange traded fund’s stock worth $1,470,000 after buying an additional 3,257 shares during the last quarter.

About Direxion Daily Technology Bull 3X Shares

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.