Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Shares Gap Down to $99.48

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $99.48, but opened at $97.04. Direxion Daily Technology Bull 3X Shares shares last traded at $99.16, with a volume of 205,591 shares changing hands.

Direxion Daily Technology Bull 3X Shares Price Performance

The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 50.15 and a beta of 4.03. The firm has a fifty day moving average of $85.33 and a 200 day moving average of $77.85.

Institutional Investors Weigh In On Direxion Daily Technology Bull 3X Shares

Several hedge funds and other institutional investors have recently made changes to their positions in TECL. Virtu Financial LLC purchased a new position in Direxion Daily Technology Bull 3X Shares in the first quarter worth approximately $321,000. EP Wealth Advisors LLC grew its position in Direxion Daily Technology Bull 3X Shares by 11.1% in the first quarter. EP Wealth Advisors LLC now owns 54,054 shares of the exchange traded fund’s stock worth $4,332,000 after acquiring an additional 5,393 shares during the period. Headlands Technologies LLC purchased a new position in Direxion Daily Technology Bull 3X Shares in the first quarter worth approximately $72,000. Rovin Capital UT ADV grew its position in Direxion Daily Technology Bull 3X Shares by 16.0% in the first quarter. Rovin Capital UT ADV now owns 9,937 shares of the exchange traded fund’s stock worth $796,000 after acquiring an additional 1,374 shares during the period. Finally, Tucker Asset Management LLC grew its position in Direxion Daily Technology Bull 3X Shares by 67.3% in the fourth quarter. Tucker Asset Management LLC now owns 7,306 shares of the exchange traded fund’s stock worth $487,000 after acquiring an additional 2,939 shares during the period.

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.