Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Shares Gap Down to $99.48

Shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) gapped down prior to trading on Tuesday . The stock had previously closed at $99.48, but opened at $97.04. Direxion Daily Technology Bull 3X Shares shares last traded at $99.16, with a volume of 205,591 shares trading hands.

Direxion Daily Technology Bull 3X Shares Trading Up 4.0 %

The business has a 50 day moving average of $85.33 and a 200-day moving average of $77.85. The stock has a market cap of $4.45 billion, a PE ratio of 50.15 and a beta of 4.03.

Institutional Investors Weigh In On Direxion Daily Technology Bull 3X Shares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ogborne Capital Management LLC purchased a new position in shares of Direxion Daily Technology Bull 3X Shares during the 4th quarter worth $1,668,000. Bank of Nova Scotia purchased a new position in shares of Direxion Daily Technology Bull 3X Shares during the 3rd quarter worth $861,000. Main Street Financial Solutions LLC purchased a new position in shares of Direxion Daily Technology Bull 3X Shares during the 4th quarter worth $1,275,000. EP Wealth Advisors LLC lifted its stake in shares of Direxion Daily Technology Bull 3X Shares by 61.9% during the 3rd quarter. EP Wealth Advisors LLC now owns 43,570 shares of the exchange traded fund’s stock worth $1,877,000 after purchasing an additional 16,653 shares during the period. Finally, Socha Financial Group LLC purchased a new position in shares of Direxion Daily Technology Bull 3X Shares during the 4th quarter worth $489,000.

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.