Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Shares Gap Up – Here’s What Happened

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) shares gapped up prior to trading on Wednesday . The stock had previously closed at $97.14, but opened at $100.58. Direxion Daily Technology Bull 3X Shares shares last traded at $100.43, with a volume of 256,093 shares trading hands.

Direxion Daily Technology Bull 3X Shares Stock Performance

The firm has a fifty day moving average price of $91.61 and a 200 day moving average price of $88.43. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 50.15 and a beta of 4.03.

Institutional Trading of Direxion Daily Technology Bull 3X Shares

Several hedge funds have recently modified their holdings of TECL. Triton Wealth Management PLLC acquired a new position in Direxion Daily Technology Bull 3X Shares during the third quarter worth $960,000. Stratos Wealth Advisors LLC raised its holdings in Direxion Daily Technology Bull 3X Shares by 0.9% during the third quarter. Stratos Wealth Advisors LLC now owns 24,764 shares of the exchange traded fund’s stock worth $2,168,000 after purchasing an additional 232 shares during the last quarter. Main Street Financial Solutions LLC raised its holdings in Direxion Daily Technology Bull 3X Shares by 27.5% during the second quarter. Main Street Financial Solutions LLC now owns 15,094 shares of the exchange traded fund’s stock worth $1,470,000 after purchasing an additional 3,257 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Direxion Daily Technology Bull 3X Shares by 4,000.0% during the third quarter. Farther Finance Advisors LLC now owns 943 shares of the exchange traded fund’s stock worth $83,000 after purchasing an additional 920 shares during the last quarter. Finally, PFG Investments LLC acquired a new position in Direxion Daily Technology Bull 3X Shares during the second quarter worth $253,000.

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.