Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Sets New 52-Week High at $106.00

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECLGet Free Report)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $106.00 and last traded at $104.76, with a volume of 152704 shares changing hands. The stock had previously closed at $104.92.

Direxion Daily Technology Bull 3X Shares Trading Up 0.9 %

The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 50.15 and a beta of 4.03. The business’s fifty day moving average price is $86.82 and its 200 day moving average price is $78.39.

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

A number of institutional investors and hedge funds have recently made changes to their positions in TECL. Ogborne Capital Management LLC acquired a new position in Direxion Daily Technology Bull 3X Shares in the 4th quarter valued at about $1,668,000. Main Street Financial Solutions LLC purchased a new stake in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter worth approximately $1,275,000. EP Wealth Advisors LLC lifted its holdings in shares of Direxion Daily Technology Bull 3X Shares by 61.9% during the third quarter. EP Wealth Advisors LLC now owns 43,570 shares of the exchange traded fund’s stock worth $1,877,000 after purchasing an additional 16,653 shares during the period. Socha Financial Group LLC purchased a new position in Direxion Daily Technology Bull 3X Shares in the 4th quarter valued at $489,000. Finally, Oxinas Partners Wealth Management LLC increased its stake in Direxion Daily Technology Bull 3X Shares by 39.3% in the 4th quarter. Oxinas Partners Wealth Management LLC now owns 21,622 shares of the exchange traded fund’s stock valued at $1,442,000 after buying an additional 6,100 shares during the period.

Direxion Daily Technology Bull 3X Shares Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Direxion Daily Technology Bull 3X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Technology Bull 3X Shares and related companies with MarketBeat.com's FREE daily email newsletter.