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

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)’s share price 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 Trading Down 2.2 %

The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 50.15 and a beta of 4.03. The stock’s 50-day moving average is $83.38 and its 200-day moving average is $82.68.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the first quarter valued at about $72,000. Valmark Advisers Inc. bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the second quarter valued at $201,000. Jump Financial LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter worth $213,000. Onyx Bridge Wealth Group LLC bought a new stake in shares of Direxion Daily Technology Bull 3X Shares in the second quarter worth $226,000. Finally, James J. Burns & Company LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares in the fourth quarter valued at $248,000.

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.