Tucker Asset Management LLC Purchases 2,939 Shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Tucker Asset Management LLC grew its position in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 67.3% in the fourth quarter, Holdings Channel reports. The fund owned 7,306 shares of the exchange traded fund’s stock after acquiring an additional 2,939 shares during the quarter. Tucker Asset Management LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $487,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TECL. TRUE Private Wealth Advisors raised its position in Direxion Daily Technology Bull 3X Shares by 0.6% during the 3rd quarter. TRUE Private Wealth Advisors now owns 34,691 shares of the exchange traded fund’s stock worth $1,495,000 after purchasing an additional 192 shares during the last quarter. Signaturefd LLC raised its position in Direxion Daily Technology Bull 3X Shares by 100.0% during the 4th quarter. Signaturefd LLC now owns 500 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 250 shares during the last quarter. Private Wealth Management Group LLC bought a new position in Direxion Daily Technology Bull 3X Shares during the 4th quarter worth $33,000. Barclays PLC raised its position in Direxion Daily Technology Bull 3X Shares by 19.4% during the 3rd quarter. Barclays PLC now owns 6,810 shares of the exchange traded fund’s stock worth $293,000 after purchasing an additional 1,107 shares during the last quarter. Finally, Anchor Investment Management LLC bought a new position in Direxion Daily Technology Bull 3X Shares during the 4th quarter worth $95,000.

Direxion Daily Technology Bull 3X Shares Trading Up 0.9 %

NYSEARCA:TECL traded up $0.86 during trading hours on Friday, hitting $99.44. 1,135,016 shares of the company were exchanged, compared to its average volume of 2,193,711. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 50.15 and a beta of 4.03. Direxion Daily Technology Bull 3X Shares has a one year low of $39.02 and a one year high of $99.74. The company has a fifty day simple moving average of $77.85 and a 200 day simple moving average of $74.33.

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.