Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Shares Pass Below 200 Day Moving Average of $46.03

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Rating)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $46.03 and traded as low as $38.72. Direxion Daily Technology Bull 3X Shares shares last traded at $39.90, with a volume of 4,013,401 shares.

Direxion Daily Technology Bull 3X Shares Stock Performance

The company’s 50 day simple moving average is $32.95 and its two-hundred day simple moving average is $46.03.

Institutional Trading of Direxion Daily Technology Bull 3X Shares

Several large investors have recently added to or reduced their stakes in TECL. Qube Research & Technologies Ltd bought a new stake in Direxion Daily Technology Bull 3X Shares during the fourth quarter worth about $191,000. Retirement Planning Co of New England Inc. bought a new stake in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter valued at approximately $477,000. Sowell Financial Services LLC grew its stake in shares of Direxion Daily Technology Bull 3X Shares by 106.3% during the fourth quarter. Sowell Financial Services LLC now owns 31,258 shares of the exchange traded fund’s stock valued at $2,695,000 after purchasing an additional 16,103 shares during the last quarter. Belpointe Asset Management LLC grew its stake in shares of Direxion Daily Technology Bull 3X Shares by 21.5% during the fourth quarter. Belpointe Asset Management LLC now owns 11,803 shares of the exchange traded fund’s stock valued at $1,017,000 after purchasing an additional 2,088 shares during the last quarter. Finally, Traynor Capital Management Inc. grew its stake in shares of Direxion Daily Technology Bull 3X Shares by 6.4% during the first quarter. Traynor Capital Management Inc. now owns 67,421 shares of the exchange traded fund’s stock valued at $4,142,000 after purchasing an additional 4,076 shares during the last quarter.