Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Hits New 52-Week High at $80.61

Shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECLGet Free Report) reached a new 52-week high on Friday . The company traded as high as $80.61 and last traded at $80.28, with a volume of 685309 shares traded. The stock had previously closed at $78.69.

Direxion Daily Technology Bull 3X Shares Stock Up 4.0 %

The business has a fifty day simple moving average of $67.87 and a 200 day simple moving average of $56.07. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 22.94 and a beta of 3.54.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of TECL. Squarepoint Ops LLC purchased a new position in shares of Direxion Daily Technology Bull 3X Shares in the fourth quarter valued at $16,915,000. UBS Group AG increased its position in shares of Direxion Daily Technology Bull 3X Shares by 152.0% in the first quarter. UBS Group AG now owns 118,695 shares of the exchange traded fund’s stock valued at $7,292,000 after buying an additional 71,587 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Direxion Daily Technology Bull 3X Shares in the fourth quarter valued at $1,487,000. Jane Street Group LLC purchased a new position in shares of Direxion Daily Technology Bull 3X Shares in the fourth quarter valued at $1,482,000. Finally, EP Wealth Advisors LLC increased its position in shares of Direxion Daily Technology Bull 3X Shares by 61.9% in the third quarter. EP Wealth Advisors LLC now owns 43,570 shares of the exchange traded fund’s stock valued at $1,877,000 after buying an additional 16,653 shares in the last quarter.

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.

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