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

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)’s share price gapped up before the market opened on Friday . The stock had previously closed at $87.33, but opened at $92.20. Direxion Daily Technology Bull 3X Shares shares last traded at $91.17, with a volume of 259,828 shares.

Direxion Daily Technology Bull 3X Shares Trading Up 5.1 %

The firm’s 50 day moving average is $94.52 and its two-hundred day moving average is $89.24. The firm has a market cap of $3.89 billion, a P/E ratio of 50.15 and a beta of 4.03.

Institutional Trading of Direxion Daily Technology Bull 3X Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sollinda Capital Management LLC bought a new stake in shares of Direxion Daily Technology Bull 3X Shares in the third quarter valued at about $20,933,000. Squarepoint Ops LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth approximately $3,956,000. Axxcess Wealth Management LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the 3rd quarter worth approximately $3,473,000. Triton Wealth Management PLLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the 3rd quarter worth approximately $960,000. Finally, Trinity Legacy Partners LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares in the 2nd quarter worth $988,000.

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.