Traynor Capital Management Inc. Reduces Stock Holdings in Direxion Daily Technology Bull 3X Shares $TECL

Traynor Capital Management Inc. lowered its stake in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 18.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,619 shares of the exchange traded fund’s stock after selling 18,082 shares during the quarter. Traynor Capital Management Inc.’s holdings in Direxion Daily Technology Bull 3X Shares were worth $9,119,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of TECL. Barclays PLC boosted its holdings in shares of Direxion Daily Technology Bull 3X Shares by 1.6% in the 3rd quarter. Barclays PLC now owns 6,250 shares of the exchange traded fund’s stock valued at $777,000 after buying an additional 100 shares in the last quarter. Stratos Wealth Advisors LLC raised its stake in Direxion Daily Technology Bull 3X Shares by 0.9% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 21,031 shares of the exchange traded fund’s stock worth $2,616,000 after acquiring an additional 192 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Direxion Daily Technology Bull 3X Shares by 99.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 601 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 300 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Direxion Daily Technology Bull 3X Shares in the third quarter valued at $43,000. Finally, J.W. Cole Advisors Inc. boosted its stake in Direxion Daily Technology Bull 3X Shares by 12.3% in the second quarter. J.W. Cole Advisors Inc. now owns 3,968 shares of the exchange traded fund’s stock valued at $371,000 after acquiring an additional 434 shares in the last quarter.

Direxion Daily Technology Bull 3X Shares Stock Performance

Shares of TECL stock opened at $95.34 on Thursday. The stock’s 50-day moving average is $106.95 and its two-hundred day moving average is $118.51. Direxion Daily Technology Bull 3X Shares has a 1 year low of $32.52 and a 1 year high of $155.50. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 36.87 and a beta of 3.66.

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.