Flow Traders U.S. LLC Decreases Stock Holdings in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Flow Traders U.S. LLC cut its holdings in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 43.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,223 shares of the exchange traded fund’s stock after selling 14,618 shares during the quarter. Flow Traders U.S. LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $1,683,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in shares of Direxion Daily Technology Bull 3X Shares by 4,000.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 943 shares of the exchange traded fund’s stock worth $83,000 after buying an additional 920 shares during the last quarter. Valmark Advisers Inc. bought a new stake in Direxion Daily Technology Bull 3X Shares during the second quarter worth approximately $201,000. Onyx Bridge Wealth Group LLC bought a new stake in Direxion Daily Technology Bull 3X Shares during the second quarter worth approximately $226,000. Headlands Technologies LLC raised its position in Direxion Daily Technology Bull 3X Shares by 169.4% during the second quarter. Headlands Technologies LLC now owns 2,427 shares of the exchange traded fund’s stock valued at $236,000 after purchasing an additional 1,526 shares during the period. Finally, Socha Financial Group LLC bought a new stake in shares of Direxion Daily Technology Bull 3X Shares in the 3rd quarter valued at approximately $243,000.

Direxion Daily Technology Bull 3X Shares Stock Performance

NYSEARCA TECL opened at $93.51 on Monday. The company has a market cap of $3.96 billion, a P/E ratio of 50.15 and a beta of 4.03. The business’s 50 day moving average price is $90.56 and its 200-day moving average price is $88.00. Direxion Daily Technology Bull 3X Shares has a fifty-two week low of $54.80 and a fifty-two week 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.