Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC boosted its holdings in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 169.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,427 shares of the exchange traded fund’s stock after purchasing an additional 1,526 shares during the quarter. Headlands Technologies LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $236,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TECL. Ogborne Capital Management LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter worth about $1,668,000. Main Street Financial Solutions LLC acquired a new position in Direxion Daily Technology Bull 3X Shares during the fourth quarter worth approximately $1,275,000. Crescent Grove Advisors LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares in the second quarter valued at approximately $977,000. EP Wealth Advisors LLC boosted its holdings in shares of Direxion Daily Technology Bull 3X Shares by 11.1% in the first quarter. EP Wealth Advisors LLC now owns 54,054 shares of the exchange traded fund’s stock valued at $4,332,000 after acquiring an additional 5,393 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the first quarter valued at approximately $321,000.

Direxion Daily Technology Bull 3X Shares Price Performance

Shares of Direxion Daily Technology Bull 3X Shares stock opened at $81.85 on Friday. The firm’s fifty day simple moving average is $83.86 and its 200-day simple moving average is $82.59. Direxion Daily Technology Bull 3X Shares has a 12 month low of $39.02 and a 12 month high of $112.78. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 50.15 and a beta of 4.03.

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.