Oxinas Partners Wealth Management LLC Cuts Stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Oxinas Partners Wealth Management LLC lessened its holdings in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 22.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,692 shares of the exchange traded fund’s stock after selling 4,930 shares during the period. Oxinas Partners Wealth Management LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $1,338,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in shares of Direxion Daily Technology Bull 3X Shares by 100.0% during the fourth quarter. Signaturefd LLC now owns 500 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 250 shares during the last quarter. Private Wealth Management Group LLC acquired a new position in Direxion Daily Technology Bull 3X Shares in the fourth quarter valued at approximately $33,000. Anchor Investment Management LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares during the fourth quarter worth $95,000. Tucker Asset Management LLC purchased a new position in Direxion Daily Technology Bull 3X Shares in the third quarter valued at $188,000. Finally, Jump Financial LLC acquired a new position in Direxion Daily Technology Bull 3X Shares in the 4th quarter worth about $213,000.

Direxion Daily Technology Bull 3X Shares Trading Up 1.4 %

TECL traded up $1.40 during trading on Tuesday, hitting $100.88. The company’s stock had a trading volume of 1,060,351 shares, compared to its average volume of 2,129,131. The business’s fifty day simple moving average is $84.59 and its 200 day simple moving average is $77.66. Direxion Daily Technology Bull 3X Shares has a twelve month low of $39.02 and a twelve month high of $105.97. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 50.15 and a beta of 4.03.

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.