Blue Sky Capital Consultants Group Inc. Takes $1.52 Million Position in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Blue Sky Capital Consultants Group Inc. purchased a new stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 16,768 shares of the exchange traded fund’s stock, valued at approximately $1,518,000. Direxion Daily Technology Bull 3X Shares comprises about 0.9% of Blue Sky Capital Consultants Group Inc.’s investment portfolio, making the stock its 28th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Kane Investment Management Inc. purchased a new stake in Direxion Daily Technology Bull 3X Shares in the 4th quarter valued at $205,000. GFG Capital LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares during the 4th quarter valued at about $216,000. Millington Financial Advisors LLC grew its holdings in shares of Direxion Daily Technology Bull 3X Shares by 7.4% in the fourth quarter. Millington Financial Advisors LLC now owns 3,059 shares of the exchange traded fund’s stock valued at $252,000 after purchasing an additional 212 shares during the period. Merit Financial Group LLC purchased a new stake in shares of Direxion Daily Technology Bull 3X Shares in the fourth quarter valued at about $275,000. Finally, Bank of Montreal Can increased its position in Direxion Daily Technology Bull 3X Shares by 1,975.9% during the fourth quarter. Bank of Montreal Can now owns 4,214 shares of the exchange traded fund’s stock worth $382,000 after purchasing an additional 4,011 shares during the last quarter.

Direxion Daily Technology Bull 3X Shares Price Performance

Shares of TECL stock opened at $68.35 on Friday. The company has a market capitalization of $2.71 billion, a PE ratio of 36.41 and a beta of 3.66. The firm’s 50-day moving average is $57.47 and its two-hundred day moving average is $78.53. Direxion Daily Technology Bull 3X Shares has a 12 month low of $32.52 and a 12 month high of $112.78.

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.