Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Shares Gap Down to $79.98

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)’s share price gapped down prior to trading on Friday . The stock had previously closed at $79.98, but opened at $77.21. Direxion Daily Technology Bull 3X Shares shares last traded at $78.17, with a volume of 458,516 shares.

Direxion Daily Technology Bull 3X Shares Price Performance

The firm has a market cap of $3.18 billion, a PE ratio of 55.13 and a beta of 3.95. The business has a fifty day moving average price of $78.82 and a two-hundred day moving average price of $65.25.

Institutional Trading of Direxion Daily Technology Bull 3X Shares

Several hedge funds and other institutional investors have recently modified their holdings of the company. TRUE Private Wealth Advisors increased its stake in shares of Direxion Daily Technology Bull 3X Shares by 0.6% during the 3rd quarter. TRUE Private Wealth Advisors now owns 34,691 shares of the exchange traded fund’s stock worth $1,495,000 after purchasing an additional 192 shares during the last quarter. Signaturefd LLC boosted its holdings in Direxion Daily Technology Bull 3X Shares by 100.0% in the fourth quarter. Signaturefd LLC now owns 500 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 250 shares in the last quarter. Rovin Capital UT ADV increased its position in Direxion Daily Technology Bull 3X Shares by 4.3% during the third quarter. Rovin Capital UT ADV now owns 8,465 shares of the exchange traded fund’s stock worth $365,000 after buying an additional 352 shares during the last quarter. Barclays PLC raised its holdings in Direxion Daily Technology Bull 3X Shares by 8.6% during the fourth quarter. Barclays PLC now owns 5,703 shares of the exchange traded fund’s stock valued at $126,000 after buying an additional 450 shares in the last quarter. Finally, Private Wealth Management Group LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the fourth quarter worth about $33,000.

About Direxion Daily Technology Bull 3X Shares

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.