Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Shares Up 8.3%

Shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) traded up 8.3% during trading on Thursday . The stock traded as high as $84.99 and last traded at $84.51. 353,617 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 2,067,802 shares. The stock had previously closed at $78.01.

Direxion Daily Technology Bull 3X Shares Stock Down 1.0 %

The business has a 50-day simple moving average of $80.77 and a two-hundred day simple moving average of $82.64. The stock has a market capitalization of $3.55 billion, a P/E ratio of 50.15 and a beta of 4.03.

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

Large investors have recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in Direxion Daily Technology Bull 3X Shares in the first quarter valued at about $72,000. Valmark Advisers Inc. acquired a new stake in Direxion Daily Technology Bull 3X Shares during the 2nd quarter valued at $201,000. Jump Financial LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares during the 4th quarter valued at $213,000. Onyx Bridge Wealth Group LLC bought a new position in Direxion Daily Technology Bull 3X Shares in the 2nd quarter valued at $226,000. Finally, James J. Burns & Company LLC acquired a new position in Direxion Daily Technology Bull 3X Shares in the fourth quarter worth $248,000.

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.