PFG Investments LLC Purchases Shares of 2,593 Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

PFG Investments LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,593 shares of the exchange traded fund’s stock, valued at approximately $253,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Private Wealth Management Group LLC bought a new position in Direxion Daily Technology Bull 3X Shares in the fourth quarter valued at approximately $33,000. Headlands Technologies LLC bought a new position in Direxion Daily Technology Bull 3X Shares in the first quarter valued at approximately $72,000. Oxinas Partners Wealth Management LLC grew its stake in Direxion Daily Technology Bull 3X Shares by 10.8% in the second quarter. Oxinas Partners Wealth Management LLC now owns 18,492 shares of the exchange traded fund’s stock valued at $1,801,000 after purchasing an additional 1,800 shares in the last quarter. Valmark Advisers Inc. bought a new position in Direxion Daily Technology Bull 3X Shares in the second quarter valued at approximately $201,000. Finally, Onyx Bridge Wealth Group LLC bought a new position in Direxion Daily Technology Bull 3X Shares in the second quarter valued at approximately $226,000.

Direxion Daily Technology Bull 3X Shares Trading Up 1.4 %

Shares of NYSEARCA TECL opened at $81.85 on Friday. Direxion Daily Technology Bull 3X Shares has a 12 month low of $39.02 and a 12 month high of $112.78. The stock has a 50 day moving average of $83.86 and a 200-day moving average of $82.59. The company has a market capitalization of $3.47 billion, a P/E ratio of 50.15 and a beta of 4.03.

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.