Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Sets New 12-Month High at $106.00

Posted by Matthew Steigler on Jul 5th, 2024

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $106.00 and last traded at $104.76, with a volume of 152704 shares trading hands. The stock had previously closed at $104.92.

Direxion Daily Technology Bull 3X Shares Trading Up 0.5 %

The firm has a market capitalization of $4.47 billion, a P/E ratio of 50.15 and a beta of 4.03. The business has a 50-day moving average of $86.09 and a 200 day moving average of $78.04.

Institutional Trading of Direxion Daily Technology Bull 3X Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in shares of 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 valued at $33,000 after acquiring an additional 250 shares in the last quarter. Private Wealth Management Group LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares in the fourth quarter valued at approximately $33,000. Headlands Technologies LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares in the first quarter valued at approximately $72,000. Anchor Investment Management LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares in the fourth quarter valued at approximately $95,000. Finally, Tucker Asset Management LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares in the third quarter valued at approximately $188,000.

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.