SBI Securities Co. Ltd. Has $22.70 Million Stake in Direxion Daily Technology Bull 3X Shares $TECL

SBI Securities Co. Ltd. trimmed its stake in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 7.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,579 shares of the exchange traded fund’s stock after selling 20,400 shares during the quarter. Direxion Daily Technology Bull 3X Shares makes up 0.7% of SBI Securities Co. Ltd.’s holdings, making the stock its 29th biggest holding. SBI Securities Co. Ltd. owned about 0.66% of Direxion Daily Technology Bull 3X Shares worth $22,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. boosted its holdings in shares of Direxion Daily Technology Bull 3X Shares by 46.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 8,808 shares of the exchange traded fund’s stock worth $516,000 after buying an additional 2,781 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the 1st quarter worth about $35,000. Townsquare Capital LLC raised its stake in shares of Direxion Daily Technology Bull 3X Shares by 58.6% in the first quarter. Townsquare Capital LLC now owns 17,128 shares of the exchange traded fund’s stock worth $1,003,000 after purchasing an additional 6,329 shares during the last quarter. Virtu Financial LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares in the 1st quarter valued at $506,000. Finally, Bulltick Wealth Management LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the first quarter valued at about $241,000.

Direxion Daily Technology Bull 3X Shares Trading Down 2.6%

Shares of Direxion Daily Technology Bull 3X Shares stock opened at $135.45 on Wednesday. The business’s fifty day simple moving average is $125.89 and its 200 day simple moving average is $100.99. The firm has a market capitalization of $4.52 billion, a P/E ratio of 36.87 and a beta of 3.66. Direxion Daily Technology Bull 3X Shares has a 12 month low of $32.52 and a 12 month high of $155.50.

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.