Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Shares Sold by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors trimmed its stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 46.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 17,504 shares of the exchange traded fund’s stock after selling 15,181 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Direxion Daily Technology Bull 3X Shares were worth $1,532,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sollinda Capital Management LLC acquired a new position in Direxion Daily Technology Bull 3X Shares during the 3rd quarter valued at about $20,933,000. Squarepoint Ops LLC bought a new stake in Direxion Daily Technology Bull 3X Shares during the 2nd quarter valued at $3,956,000. Axxcess Wealth Management LLC acquired a new position in Direxion Daily Technology Bull 3X Shares during the 3rd quarter worth $3,473,000. Virtu Financial LLC grew its stake in shares of Direxion Daily Technology Bull 3X Shares by 577.2% in the second quarter. Virtu Financial LLC now owns 27,149 shares of the exchange traded fund’s stock worth $2,644,000 after purchasing an additional 23,140 shares in the last quarter. Finally, Stratos Wealth Advisors LLC increased its holdings in shares of Direxion Daily Technology Bull 3X Shares by 0.9% during the third quarter. Stratos Wealth Advisors LLC now owns 24,764 shares of the exchange traded fund’s stock valued at $2,168,000 after purchasing an additional 232 shares during the period.

Direxion Daily Technology Bull 3X Shares Trading Up 2.7 %

TECL stock opened at $93.51 on Friday. The firm’s 50-day moving average is $90.37 and its two-hundred day moving average is $87.81. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 50.15 and a beta of 4.03. Direxion Daily Technology Bull 3X Shares has a 52 week low of $54.80 and a 52 week 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.