Stonebridge Financial Group LLC Cuts Stake in Direxion Daily Technology Bull 3X Shares $TECL

Stonebridge Financial Group LLC lowered its position in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 58.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,015 shares of the exchange traded fund’s stock after selling 5,550 shares during the period. Stonebridge Financial Group LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $927,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TECL. BankPlus Trust Department purchased a new stake in Direxion Daily Technology Bull 3X Shares during the 4th quarter valued at $47,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 worth $56,000 after purchasing an additional 300 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter valued at $88,000. Raymond James Financial Inc. bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the second quarter valued at $94,000. Finally, Wealth Watch Advisors INC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the third quarter valued at $117,000.

Direxion Daily Technology Bull 3X Shares Price Performance

Direxion Daily Technology Bull 3X Shares stock opened at $208.39 on Wednesday. Direxion Daily Technology Bull 3X Shares has a one year low of $75.16 and a one year high of $275.40. The business’s fifty day moving average is $207.40 and its 200 day moving average is $153.75. The stock has a market capitalization of $6.12 billion, a PE ratio of 36.87 and a beta of 4.13.

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.