Stonebridge Financial Group LLC Buys Shares of 9,582 Direxion Daily Technology Bull 3X Shares $TECL

Stonebridge Financial Group LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,582 shares of the exchange traded fund’s stock, valued at approximately $1,126,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. X Square Capital LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares during the third quarter worth about $2,550,000. Ferguson Wellman Capital Management Inc. bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the third quarter valued at approximately $768,000. Farther Finance Advisors LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the third quarter valued at approximately $1,181,000. Flow Traders U.S. LLC raised its position in shares of Direxion Daily Technology Bull 3X Shares by 102.6% during the 3rd quarter. Flow Traders U.S. LLC now owns 35,840 shares of the exchange traded fund’s stock worth $4,457,000 after purchasing an additional 18,150 shares during the period. Finally, APS Management Group Inc. bought a new stake in shares of Direxion Daily Technology Bull 3X Shares in the 3rd quarter worth approximately $255,000.

Direxion Daily Technology Bull 3X Shares Stock Performance

Shares of NYSEARCA TECL opened at $92.39 on Monday. Direxion Daily Technology Bull 3X Shares has a 12-month low of $32.52 and a 12-month high of $155.50. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 36.87 and a beta of 3.66. The stock’s 50 day simple moving average is $102.55 and its 200 day simple moving average is $117.45.

Direxion Daily Technology Bull 3X Shares 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.