Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Reaches New 1-Year High – Here’s Why

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECLGet Free Report)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $134.11 and last traded at $131.65, with a volume of 1097492 shares traded. The stock had previously closed at $127.81.

Direxion Daily Technology Bull 3X Shares Trading Up 3.0%

The stock has a market capitalization of $4.25 billion, a PE ratio of 36.87 and a beta of 3.54. The stock has a 50 day moving average price of $109.35 and a 200-day moving average price of $85.31.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. grew its holdings in shares of Direxion Daily Technology Bull 3X Shares by 9.7% during the first quarter. SBI Securities Co. Ltd. now owns 262,979 shares of the exchange traded fund’s stock worth $15,400,000 after buying an additional 23,301 shares in the last quarter. Oxinas Partners Wealth Management LLC grew its stake in Direxion Daily Technology Bull 3X Shares by 85.9% during the 2nd quarter. Oxinas Partners Wealth Management LLC now owns 55,034 shares of the exchange traded fund’s stock worth $5,150,000 after purchasing an additional 25,435 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth $2,299,000. Modern Wealth Management LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares in the 2nd quarter valued at $2,279,000. Finally, Flow Traders U.S. LLC increased its position in Direxion Daily Technology Bull 3X Shares by 489.2% during the first quarter. Flow Traders U.S. LLC now owns 23,750 shares of the exchange traded fund’s stock worth $1,391,000 after buying an additional 19,719 shares during the period.

Direxion Daily Technology Bull 3X Shares Company Profile

(Get Free Report)

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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