Squarepoint Ops LLC Invests $3.96 Million in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Squarepoint Ops LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 40,625 shares of the exchange traded fund’s stock, valued at approximately $3,956,000. Squarepoint Ops LLC owned 0.10% of Direxion Daily Technology Bull 3X Shares at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TECL. Ogborne Capital Management LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the 4th quarter worth approximately $1,668,000. EP Wealth Advisors LLC boosted its stake in Direxion Daily Technology Bull 3X Shares by 11.7% in 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 period. Tucker Asset Management LLC boosted its stake in Direxion Daily Technology Bull 3X Shares by 67.3% in the 4th 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 during the period. Headlands Technologies LLC bought a new stake in Direxion Daily Technology Bull 3X Shares in the 1st quarter valued at $72,000. Finally, Virtu Financial LLC bought a new stake in Direxion Daily Technology Bull 3X Shares in the 1st quarter valued at $321,000.

Direxion Daily Technology Bull 3X Shares Price Performance

TECL opened at $81.25 on Wednesday. The business has a fifty day simple moving average of $79.46 and a 200 day simple moving average of $82.91. The company has a market capitalization of $3.45 billion, a PE ratio of 50.15 and a beta of 4.03. Direxion Daily Technology Bull 3X Shares has a 1 year low of $39.02 and a 1 year high of $112.78.

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.