Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Hits New 52-Week High – Here’s What Happened

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)’s share price hit a new 52-week high on Monday . The stock traded as high as $199.99 and last traded at $197.41, with a volume of 199104 shares changing hands. The stock had previously closed at $193.09.

Direxion Daily Technology Bull 3X Shares Stock Up 2.9%

The firm has a 50 day moving average price of $112.43 and a two-hundred day moving average price of $118.57. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 36.87 and a beta of 3.96.

Institutional Trading of Direxion Daily Technology Bull 3X Shares

Large investors have recently modified their holdings of the business. Stonebridge Financial Group LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter valued at about $1,126,000. X Square Capital LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the third quarter valued at about $2,550,000. IMC Chicago LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter valued at about $6,550,000. Flow Traders U.S. LLC grew its stake in shares of Direxion Daily Technology Bull 3X Shares by 102.6% during the third quarter. Flow Traders U.S. LLC now owns 35,840 shares of the exchange traded fund’s stock valued at $4,457,000 after acquiring an additional 18,150 shares in the last quarter. Finally, Westmount Partners LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter valued at about $258,000.

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.