Traynor Capital Management Inc. Cuts Stock Position in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Traynor Capital Management Inc. cut its stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,540 shares of the exchange traded fund’s stock after selling 6,922 shares during the period. Traynor Capital Management Inc. owned about 0.17% of Direxion Daily Technology Bull 3X Shares worth $6,659,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its holdings in shares of Direxion Daily Technology Bull 3X Shares by 4,000.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 943 shares of the exchange traded fund’s stock valued at $83,000 after purchasing an additional 920 shares in the last quarter. Socha Financial Group LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the third quarter valued at approximately $243,000. Merit Financial Group LLC purchased a new position in Direxion Daily Technology Bull 3X Shares during the 4th quarter worth $275,000. Mercer Global Advisors Inc. ADV purchased a new stake in Direxion Daily Technology Bull 3X Shares during the 2nd quarter valued at approximately $338,000. Finally, Plotkin Financial Advisors LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the 3rd quarter worth $451,000.

Direxion Daily Technology Bull 3X Shares Price Performance

Direxion Daily Technology Bull 3X Shares stock opened at $99.41 on Thursday. Direxion Daily Technology Bull 3X Shares has a 1-year low of $54.80 and a 1-year high of $112.78. The company has a market cap of $4.21 billion, a PE ratio of 50.15 and a beta of 4.03. The stock’s 50 day moving average price is $94.24 and its 200 day moving average price is $88.89.

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.