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

Posted by James Nelson on Dec 13th, 2024

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $98.16, but opened at $100.69. Direxion Daily Technology Bull 3X Shares shares last traded at $100.52, with a volume of 283,172 shares changing hands.

Direxion Daily Technology Bull 3X Shares Stock Down 0.4 %

The business’s 50-day moving average is $93.07 and its two-hundred day moving average is $88.94. The company has a market capitalization of $4.15 billion, a P/E ratio of 50.15 and a beta of 4.03.

Hedge Funds Weigh In On Direxion Daily Technology Bull 3X Shares

Several large investors have recently modified their holdings of TECL. Onyx Bridge Wealth Group LLC purchased a new position in shares of Direxion Daily Technology Bull 3X Shares in the second quarter worth about $226,000. Crescent Grove Advisors LLC purchased a new position in shares of Direxion Daily Technology Bull 3X Shares in the second quarter worth about $977,000. Valmark Advisers Inc. purchased a new position in shares of Direxion Daily Technology Bull 3X Shares in the second quarter worth about $201,000. Oxinas Partners Wealth Management LLC grew its stake in Direxion Daily Technology Bull 3X Shares by 10.8% during the second quarter. Oxinas Partners Wealth Management LLC now owns 18,492 shares of the exchange traded fund’s stock valued at $1,801,000 after acquiring an additional 1,800 shares in the last quarter. Finally, PFG Investments LLC purchased a new position in Direxion Daily Technology Bull 3X Shares during the second quarter valued at approximately $253,000.

Direxion Daily Technology Bull 3X Shares Company Profile

(Get 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.