X Square Capital LLC Makes New Investment in Direxion Daily Technology Bull 3X Shares $TECL

X Square Capital LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 20,500 shares of the exchange traded fund’s stock, valued at approximately $2,550,000. X Square Capital LLC owned 0.06% of Direxion Daily Technology Bull 3X Shares at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TECL. Stratos Wealth Advisors LLC grew its stake in shares of Direxion Daily Technology Bull 3X Shares by 0.9% in the third quarter. Stratos Wealth Advisors LLC now owns 21,031 shares of the exchange traded fund’s stock valued at $2,616,000 after acquiring an additional 192 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Direxion Daily Technology Bull 3X Shares by 99.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 601 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 300 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the third quarter valued at approximately $43,000. J.W. Cole Advisors Inc. grew its position in Direxion Daily Technology Bull 3X Shares by 12.3% during the second quarter. J.W. Cole Advisors Inc. now owns 3,968 shares of the exchange traded fund’s stock worth $371,000 after buying an additional 434 shares in the last quarter. Finally, Socha Financial Group LLC grew its position in Direxion Daily Technology Bull 3X Shares by 21.8% during the third quarter. Socha Financial Group LLC now owns 2,833 shares of the exchange traded fund’s stock worth $352,000 after buying an additional 508 shares in the last quarter.

Direxion Daily Technology Bull 3X Shares Price Performance

Shares of NYSEARCA TECL opened at $106.29 on Monday. The business has a fifty day moving average price of $115.83 and a two-hundred day moving average price of $119.07. The stock has a market capitalization of $3.58 billion, a PE ratio of 36.87 and a beta of 3.66. Direxion Daily Technology Bull 3X Shares has a fifty-two week low of $32.52 and a fifty-two week high of $155.50.

Direxion Daily Technology Bull 3X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were issued a $8.0376 dividend. This represents a $32.15 annualized dividend and a yield of 30.2%. The ex-dividend date of this dividend was Wednesday, December 10th.

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.