Sowell Financial Services LLC Raises Stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Sowell Financial Services LLC grew its stake in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECLFree Report) by 12.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,946 shares of the exchange traded fund’s stock after acquiring an additional 4,805 shares during the quarter. Sowell Financial Services LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $1,807,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Captrust Financial Advisors increased its position in Direxion Daily Technology Bull 3X Shares by 878.0% during the 1st quarter. Captrust Financial Advisors now owns 978 shares of the exchange traded fund’s stock worth $60,000 after purchasing an additional 878 shares in the last quarter. Worth Asset Management LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares in the first quarter valued at approximately $66,000. Barclays PLC grew its position in Direxion Daily Technology Bull 3X Shares by 8.6% in the fourth quarter. Barclays PLC now owns 5,703 shares of the exchange traded fund’s stock valued at $126,000 after acquiring an additional 450 shares in the last quarter. Colony Group LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares in the first quarter valued at approximately $201,000. Finally, James J. Burns & Company LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares in the second quarter valued at approximately $201,000.

Direxion Daily Technology Bull 3X Shares Trading Up 0.7 %

Direxion Daily Technology Bull 3X Shares stock opened at $76.13 on Tuesday. The stock has a market cap of $3.61 billion, a P/E ratio of 22.94 and a beta of 3.54. The stock has a 50 day moving average of $66.39 and a 200-day moving average of $55.44. Direxion Daily Technology Bull 3X Shares has a 52 week low of $26.27 and a 52 week high of $80.53.

Direxion Daily Technology Bull 3X Shares Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

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