Traynor Capital Management Inc. Has $6.66 Million Stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Traynor Capital Management Inc. reduced its position in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 8.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,540 shares of the exchange traded fund’s stock after selling 6,922 shares during the quarter. Traynor Capital Management Inc.’s holdings in Direxion Daily Technology Bull 3X Shares were worth $6,659,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth about $338,000. Squarepoint Ops LLC bought a new position in Direxion Daily Technology Bull 3X Shares during the second quarter worth about $3,956,000. Trinity Legacy Partners LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares during the second quarter valued at approximately $988,000. Triton Wealth Management PLLC bought a new stake in shares of Direxion Daily Technology Bull 3X Shares in the 3rd quarter valued at approximately $960,000. Finally, Oxinas Partners Wealth Management LLC raised its holdings in shares of 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 worth $1,672,000 after buying an additional 607 shares in the last quarter.

Direxion Daily Technology Bull 3X Shares Price Performance

Direxion Daily Technology Bull 3X Shares stock opened at $99.41 on Thursday. The business has a 50 day simple moving average of $94.24 and a 200 day simple moving average of $88.89. Direxion Daily Technology Bull 3X Shares has a one year low of $54.80 and a one year high of $112.78. The company has a market capitalization of $4.21 billion, a PE ratio of 50.15 and a beta of 4.03.

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.