Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Shares Cross Below 200 Day Moving Average of $31.22

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECLGet Rating)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.22 and traded as low as $27.70. Direxion Daily Technology Bull 3X Shares shares last traded at $28.71, with a volume of 3,053,956 shares.

Direxion Daily Technology Bull 3X Shares Stock Performance

The stock has a 50 day simple moving average of $24.53 and a 200 day simple moving average of $31.22.

Hedge Funds Weigh In On Direxion Daily Technology Bull 3X Shares

Several hedge funds and other institutional investors have recently modified their holdings of TECL. Quent Capital LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 1st quarter valued at $100,000. Independence Bank of Kentucky boosted its holdings in shares of Direxion Daily Technology Bull 3X Shares by 77.3% during the 2nd quarter. Independence Bank of Kentucky now owns 975 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 425 shares in the last quarter. Rovin Capital UT ADV boosted its holdings in shares of Direxion Daily Technology Bull 3X Shares by 29.7% during the 1st quarter. Rovin Capital UT ADV now owns 6,336 shares of the exchange traded fund’s stock valued at $389,000 after acquiring an additional 1,450 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Direxion Daily Technology Bull 3X Shares by 4.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 65,410 shares of the exchange traded fund’s stock valued at $4,019,000 after acquiring an additional 2,830 shares in the last quarter. Finally, TRUE Private Wealth Advisors boosted its holdings in shares of Direxion Daily Technology Bull 3X Shares by 16.6% during the 3rd quarter. TRUE Private Wealth Advisors now owns 31,937 shares of the exchange traded fund’s stock valued at $686,000 after acquiring an additional 4,538 shares in the last quarter.

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