Triton Wealth Management PLLC Makes New Investment in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Triton Wealth Management PLLC purchased a new position in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,841 shares of the exchange traded fund’s stock, valued at approximately $960,000. Direxion Daily Technology Bull 3X Shares makes up about 0.5% of Triton Wealth Management PLLC’s investment portfolio, making the stock its 24th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. 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 boosted its stake in Direxion Daily Technology Bull 3X Shares by 10.8% in the 2nd quarter. Oxinas Partners Wealth Management LLC now owns 18,492 shares of the exchange traded fund’s stock worth $1,801,000 after purchasing an additional 1,800 shares during the period. Valmark Advisers Inc. bought a new position in Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth about $201,000. Onyx Bridge Wealth Group LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the 2nd quarter valued at about $226,000. Finally, PFG Investments LLC bought a new stake in shares of Direxion Daily Technology Bull 3X Shares in the second quarter valued at about $253,000.

Direxion Daily Technology Bull 3X Shares Stock Up 3.2 %

Shares of NYSEARCA:TECL traded up $2.71 during mid-day trading on Friday, reaching $86.73. 885,889 shares of the stock were exchanged, compared to its average volume of 2,008,038. The stock’s 50 day simple moving average is $79.38 and its 200-day simple moving average is $83.01. Direxion Daily Technology Bull 3X Shares has a one year low of $39.02 and a one year high of $112.78. The company has a market cap of $3.68 billion, a P/E ratio of 50.15 and a beta of 4.03.

Direxion Daily Technology Bull 3X Shares 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.