Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Shares Gap Up to $80.78

Shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) gapped up prior to trading on Tuesday . The stock had previously closed at $80.78, but opened at $83.12. Direxion Daily Technology Bull 3X Shares shares last traded at $81.71, with a volume of 133,408 shares.

Direxion Daily Technology Bull 3X Shares Stock Down 2.9 %

The stock has a fifty day simple moving average of $81.61 and a 200 day simple moving average of $82.63. The firm has a market capitalization of $3.31 billion, a P/E ratio of 50.15 and a beta of 4.03.

Institutional Trading of Direxion Daily Technology Bull 3X Shares

Institutional investors have recently made changes to their positions in the business. Jump Financial LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares during the 4th quarter valued at approximately $213,000. James J. Burns & Company LLC bought a new stake in Direxion Daily Technology Bull 3X Shares in the 4th quarter valued at $248,000. Ogborne Capital Management LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares in the 4th quarter worth $1,668,000. EP Wealth Advisors LLC boosted its holdings in shares of Direxion Daily Technology Bull 3X Shares by 11.7% during the 4th quarter. EP Wealth Advisors LLC now owns 48,661 shares of the exchange traded fund’s stock valued at $3,246,000 after purchasing an additional 5,091 shares during the last quarter. Finally, Tucker Asset Management LLC grew its position in shares of Direxion Daily Technology Bull 3X Shares by 67.3% during the fourth quarter. Tucker Asset Management LLC now owns 7,306 shares of the exchange traded fund’s stock valued at $487,000 after purchasing an additional 2,939 shares in the last quarter.

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.