Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Shares Surge to $98.82
Direxion Daily Technology Bull 3X Shares' share price saw a notable rise before trading on Thursday. Closing previously at $96.22, the stock opened at $98.82 and recently traded at $98.01 with a volume of 782,398 shares traded.
Performance of Direxion Daily Technology Bull 3X Shares
The company's 50-day simple moving average stands at $77.85 while its two-hundred day simple moving average is $74.23. The firm boasts a market cap of $4.22 billion, a PE ratio of 50.15, and a beta of 4.03.
Institutional Trading of Direxion Daily Technology Bull 3X Shares
Large investors have been actively modifying their stakes in the stock.
- Ogborne Capital Management LLC acquired a new stake during the 4th quarter worth approximately $1,668,000.
- Bank of Nova Scotia added a new position in the third quarter worth $861,000.
- Main Street Financial Solutions LLC also purchased a new position in the fourth quarter valued at $1,275,000.
- EP Wealth Advisors LLC boosted its holdings by 61.9% during the 3rd quarter, now owning 43,570 shares valued at $1,877,000 after increasing their stake by 16,653 shares.
- Group One Trading L.P. grew its position by 98.7% in the 3rd quarter, now holding 33,112 shares worth $1,427,000 after expanding their position by 16,445 shares.
Company Profile
The Direxion Daily Technology Bull 3X Shares (TECL) is an exchange-traded fund based on the Technology Select Sector index. This fund offers 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.
This surge underscores the dynamic movement and significant investor interest in Direxion Daily Technology Bull 3X Shares as a key player in the technology sector.
