Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Shares Gap Up – What’s Next?

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $47.45, but opened at $51.91. Direxion Daily Technology Bull 3X Shares shares last traded at $49.83, with a volume of 923,232 shares trading hands.

Direxion Daily Technology Bull 3X Shares Stock Up 1.2 %

The company has a fifty day moving average price of $68.73 and a 200 day moving average price of $84.16. The stock has a market cap of $1.86 billion, a PE ratio of 28.55 and a beta of 3.56.

Direxion Daily Technology Bull 3X Shares Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a $0.2088 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Trading of Direxion Daily Technology Bull 3X Shares

A number of institutional investors have recently made changes to their positions in the stock. Millington Financial Advisors LLC grew its position in shares of Direxion Daily Technology Bull 3X Shares by 7.4% in the 4th quarter. Millington Financial Advisors LLC now owns 3,059 shares of the exchange traded fund’s stock worth $252,000 after buying an additional 212 shares during the last quarter. TRUE Private Wealth Advisors boosted its holdings in Direxion Daily Technology Bull 3X Shares by 1.6% in the fourth quarter. TRUE Private Wealth Advisors now owns 17,776 shares of the exchange traded fund’s stock valued at $1,610,000 after acquiring an additional 272 shares in the last quarter. Rovin Capital UT ADV increased its position in Direxion Daily Technology Bull 3X Shares by 2.6% during the 4th quarter. Rovin Capital UT ADV now owns 12,103 shares of the exchange traded fund’s stock valued at $1,096,000 after purchasing an additional 306 shares during the period. LPL Financial LLC raised its holdings in Direxion Daily Technology Bull 3X Shares by 6.3% in the 4th quarter. LPL Financial LLC now owns 5,699 shares of the exchange traded fund’s stock worth $516,000 after purchasing an additional 340 shares in the last quarter. Finally, Park Square Financial Group LLC purchased a new stake in shares of Direxion Daily Technology Bull 3X Shares in the 4th quarter worth about $41,000.

Direxion Daily Technology Bull 3X Shares Company 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.