Rovin Capital UT ADV Trims Stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Rovin Capital UT ADV lessened its position in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 3.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,564 shares of the exchange traded fund’s stock after selling 373 shares during the quarter. Rovin Capital UT ADV’s holdings in Direxion Daily Technology Bull 3X Shares were worth $931,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Ogborne Capital Management LLC bought a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 4th quarter valued at $1,668,000. Main Street Financial Solutions LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter valued at approximately $1,275,000. Socha Financial Group LLC purchased a new position in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter valued at approximately $489,000. EP Wealth Advisors LLC boosted its position in shares of Direxion Daily Technology Bull 3X Shares by 11.1% in the 1st quarter. EP Wealth Advisors LLC now owns 54,054 shares of the exchange traded fund’s stock worth $4,332,000 after purchasing an additional 5,393 shares in the last quarter. Finally, Gateway Advisory LLC purchased a new stake in shares of Direxion Daily Technology Bull 3X Shares in the 4th quarter worth approximately $284,000.

Direxion Daily Technology Bull 3X Shares Price Performance

TECL stock traded up $0.34 on Friday, reaching $85.40. 1,283,211 shares of the company traded hands, compared to its average volume of 2,178,155. The firm has a fifty day simple moving average of $91.02 and a 200-day simple moving average of $82.10. The company has a market cap of $3.62 billion, a P/E ratio of 50.15 and a beta of 4.03. Direxion Daily Technology Bull 3X Shares has a one year low of $39.02 and a one year high of $112.78.

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.