Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Shares Pass Above 200-Day Moving Average – Here’s Why

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $89.59 and traded as high as $92.54. Direxion Daily Technology Bull 3X Shares shares last traded at $91.88, with a volume of 1,483,905 shares trading hands.

Direxion Daily Technology Bull 3X Shares Stock Performance

The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 50.15 and a beta of 4.03. The company has a 50 day moving average of $94.85 and a 200 day moving average of $89.61.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC grew its stake in Direxion Daily Technology Bull 3X Shares by 28.9% during the 3rd quarter. Barclays PLC now owns 7,345 shares of the exchange traded fund’s stock worth $643,000 after purchasing an additional 1,645 shares in the last quarter. Triton Wealth Management PLLC purchased a new stake in Direxion Daily Technology Bull 3X Shares during the 3rd quarter worth about $960,000. Stratos Wealth Advisors LLC lifted its holdings in Direxion Daily Technology Bull 3X Shares by 0.9% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 24,764 shares of the exchange traded fund’s stock worth $2,168,000 after buying an additional 232 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Direxion Daily Technology Bull 3X Shares by 4,000.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 943 shares of the exchange traded fund’s stock worth $83,000 after buying an additional 920 shares during the last quarter. Finally, Main Street Financial Solutions LLC lifted its holdings in Direxion Daily Technology Bull 3X Shares by 27.5% during the 2nd quarter. Main Street Financial Solutions LLC now owns 15,094 shares of the exchange traded fund’s stock worth $1,470,000 after buying an additional 3,257 shares during the last quarter.

Direxion Daily Technology Bull 3X Shares Company Profile

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.