Farther Finance Advisors LLC Reduces Stock Position in Direxion Daily Technology Bull 3X Shares $TECL

Farther Finance Advisors LLC cut its stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 53.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,392 shares of the exchange traded fund’s stock after selling 5,102 shares during the period. Farther Finance Advisors LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $516,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TECL. Gotham Asset Management LLC purchased a new position in Direxion Daily Technology Bull 3X Shares in the third quarter valued at about $14,636,000. Tower Research Capital LLC TRC purchased a new position in Direxion Daily Technology Bull 3X Shares in the second quarter valued at about $2,299,000. Modern Wealth Management LLC purchased a new position in Direxion Daily Technology Bull 3X Shares in the second quarter valued at about $2,279,000. Jump Financial LLC purchased a new position in Direxion Daily Technology Bull 3X Shares in the second quarter valued at about $1,963,000. Finally, X Square Capital LLC purchased a new position in Direxion Daily Technology Bull 3X Shares in the third quarter valued at about $2,550,000.

Direxion Daily Technology Bull 3X Shares Stock Performance

Shares of Direxion Daily Technology Bull 3X Shares stock opened at $148.75 on Monday. Direxion Daily Technology Bull 3X Shares has a 12-month low of $50.26 and a 12-month high of $155.50. The stock has a market cap of $5.01 billion, a PE ratio of 36.87 and a beta of 3.71. The company has a 50-day moving average of $105.09 and a two-hundred day moving average of $117.05.

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.