Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Shares Down 2.8% – Here’s What Happened

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)’s share price dropped 2.8% during trading on Wednesday . The stock traded as low as $91.65 and last traded at $92.34. Approximately 181,754 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 1,843,820 shares. The stock had previously closed at $94.99.

Direxion Daily Technology Bull 3X Shares Stock Performance

The firm’s 50-day moving average is $90.24 and its 200 day moving average is $87.78. The firm has a market capitalization of $3.86 billion, a PE ratio of 50.15 and a beta of 4.03.

Institutional Trading of Direxion Daily Technology Bull 3X Shares

Large investors have recently modified their holdings of the business. Stratos Wealth Advisors LLC boosted its stake in shares of 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 valued at $2,168,000 after acquiring an additional 232 shares during the last quarter. Oxinas Partners Wealth Management LLC lifted its holdings in Direxion Daily Technology Bull 3X Shares by 3.3% in the 3rd quarter. Oxinas Partners Wealth Management LLC now owns 19,099 shares of the exchange traded fund’s stock valued at $1,672,000 after purchasing an additional 607 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of 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 purchasing an additional 920 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in shares of Direxion Daily Technology Bull 3X Shares by 2.1% during the third quarter. EP Wealth Advisors LLC now owns 52,396 shares of the exchange traded fund’s stock worth $4,586,000 after buying an additional 1,066 shares in the last quarter. Finally, Headlands Technologies LLC raised its position in shares of Direxion Daily Technology Bull 3X Shares by 169.4% in the second quarter. Headlands Technologies LLC now owns 2,427 shares of the exchange traded fund’s stock valued at $236,000 after buying an additional 1,526 shares during the last quarter.

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.