Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Stock Price Up 2.7%

Shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) shot up 2.7% on Tuesday . The stock traded as high as $71.05 and last traded at $70.33. 309,546 shares traded hands during trading, a decline of 85% from the average session volume of 2,100,525 shares. The stock had previously closed at $68.45.

Direxion Daily Technology Bull 3X Shares Trading Up 10.1 %

The business has a 50-day moving average price of $84.87 and a 200-day moving average price of $82.63. The stock has a market cap of $3.34 billion, a PE ratio of 50.15 and a beta of 4.03.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Wealth Management Group LLC purchased a new position in Direxion Daily Technology Bull 3X Shares in the 4th quarter valued at $33,000. Headlands Technologies LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares during the 1st quarter worth approximately $72,000. Valmark Advisers Inc. purchased a new stake in shares of Direxion Daily Technology Bull 3X Shares in the second quarter valued at approximately $201,000. Jump Financial LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the fourth quarter valued at approximately $213,000. Finally, Onyx Bridge Wealth Group LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the second quarter valued at approximately $226,000.

Direxion Daily Technology Bull 3X Shares Company 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.