Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Shares Up 2.7%

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) shares rose 2.7% during mid-day trading on Tuesday . The stock traded as high as $71.05 and last traded at $70.33. Approximately 309,546 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 2,100,525 shares. The stock had previously closed at $68.45.

Direxion Daily Technology Bull 3X Shares Stock Up 0.6 %

The stock has a fifty day moving average of $85.46 and a 200-day moving average of $82.67. The firm has a market capitalization of $2.92 billion, a P/E ratio of 50.15 and a beta of 4.03.

Institutional Trading of Direxion Daily Technology Bull 3X Shares

A number of hedge funds have recently modified their holdings of the company. Trinity Legacy Partners LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares in the second quarter worth $988,000. Squarepoint Ops LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth $3,956,000. Mercer Global Advisors Inc. ADV bought a new position in Direxion Daily Technology Bull 3X Shares during the second quarter worth about $338,000. Virtu Financial LLC grew its stake in 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 acquiring an additional 23,140 shares during the period. Finally, Main Street Financial Solutions LLC increased its holdings in shares of Direxion Daily Technology Bull 3X Shares by 27.5% in the second quarter. Main Street Financial Solutions LLC now owns 15,094 shares of the exchange traded fund’s stock worth $1,470,000 after acquiring an additional 3,257 shares in the last quarter.

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.