Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Shares Gap Down to $81.85

Shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) gapped down before the market opened on Monday . The stock had previously closed at $81.85, but opened at $80.00. Direxion Daily Technology Bull 3X Shares shares last traded at $80.26, with a volume of 207,329 shares changing hands.

Direxion Daily Technology Bull 3X Shares Stock Performance

The stock’s 50-day moving average price is $82.29 and its two-hundred day moving average price is $82.66. The stock has a market capitalization of $3.40 billion, a PE ratio of 50.15 and a beta of 4.03.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TECL. Jump Financial LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares during the 4th quarter valued at $213,000. Tucker Asset Management LLC increased its holdings in shares of Direxion Daily Technology Bull 3X Shares by 67.3% in the fourth quarter. Tucker Asset Management LLC now owns 7,306 shares of the exchange traded fund’s stock worth $487,000 after purchasing an additional 2,939 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in Direxion Daily Technology Bull 3X Shares by 11.7% during the 4th quarter. EP Wealth Advisors LLC now owns 48,661 shares of the exchange traded fund’s stock valued at $3,246,000 after buying an additional 5,091 shares in the last quarter. Ogborne Capital Management LLC purchased a new position in shares of Direxion Daily Technology Bull 3X Shares in the fourth quarter valued at $1,668,000. Finally, Virtu Financial LLC bought a new stake in shares of Direxion Daily Technology Bull 3X Shares in the 1st quarter worth about $321,000.

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.