GFG Capital LLC purchased a new stake in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,390 shares of the exchange traded fund’s stock, valued at approximately $216,000.
Several other large investors have also recently bought and sold shares of TECL. Barclays PLC lifted its position in shares of Direxion Daily Technology Bull 3X Shares by 28.9% in the third quarter. Barclays PLC now owns 7,345 shares of the exchange traded fund’s stock valued at $643,000 after buying an additional 1,645 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the fourth quarter valued at approximately $275,000. Stratos Wealth Advisors LLC lifted its position in shares of Direxion Daily Technology Bull 3X Shares by 0.9% in the third quarter. Stratos Wealth Advisors LLC now owns 24,764 shares of the exchange traded fund’s stock valued at $2,168,000 after buying an additional 232 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Direxion Daily Technology Bull 3X Shares by 4,000.0% in the third quarter. Farther Finance Advisors LLC now owns 943 shares of the exchange traded fund’s stock valued at $83,000 after buying an additional 920 shares during the last quarter. Finally, Rovin Capital UT ADV lifted its position in shares of Direxion Daily Technology Bull 3X Shares by 2.6% in the fourth quarter. Rovin Capital UT ADV now owns 12,103 shares of the exchange traded fund’s stock valued at $1,096,000 after buying an additional 306 shares during the last quarter.
Direxion Daily Technology Bull 3X Shares Stock Up 4.2 %
TECL opened at $95.08 on Friday. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 50.15 and a beta of 4.03. Direxion Daily Technology Bull 3X Shares has a 12-month low of $54.80 and a 12-month high of $112.78. The business has a 50 day moving average of $93.04 and a 200-day moving average of $88.05.
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.
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