Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Shares Sold by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC trimmed its holdings in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 11.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,364 shares of the exchange traded fund’s stock after selling 996 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $667,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TECL. Farther Finance Advisors LLC increased its position in Direxion Daily Technology Bull 3X Shares by 4,000.0% during the third 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 period. Socha Financial Group LLC acquired a new position in Direxion Daily Technology Bull 3X Shares during the third quarter worth $243,000. Merit Financial Group LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares during the fourth quarter worth $275,000. Plotkin Financial Advisors LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares during the third quarter worth $451,000. Finally, Larson Financial Group LLC boosted its position in Direxion Daily Technology Bull 3X Shares by 1,753.3% during the third quarter. Larson Financial Group LLC now owns 6,746 shares of the exchange traded fund’s stock worth $591,000 after purchasing an additional 6,382 shares in the last quarter.

Direxion Daily Technology Bull 3X Shares Stock Up 4.4 %

Shares of NYSEARCA:TECL opened at $91.72 on Tuesday. Direxion Daily Technology Bull 3X Shares has a 52-week low of $54.80 and a 52-week high of $112.78. The stock’s fifty day simple moving average is $93.38 and its 200-day simple moving average is $87.97. The company has a market capitalization of $3.89 billion, a P/E ratio of 50.15 and a beta of 4.03.

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.