Rovin Capital UT ADV Acquires 2,233 Shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Rovin Capital UT ADV lifted its holdings in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 23.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,797 shares of the exchange traded fund’s stock after acquiring an additional 2,233 shares during the quarter. Rovin Capital UT ADV’s holdings in Direxion Daily Technology Bull 3X Shares were worth $1,033,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TECL. Headlands Technologies LLC acquired a new position in Direxion Daily Technology Bull 3X Shares in the 1st quarter valued at $72,000. Farther Finance Advisors LLC boosted its position in shares of Direxion Daily Technology Bull 3X Shares by 4,000.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 943 shares of the exchange traded fund’s stock worth $83,000 after acquiring an additional 920 shares in the last quarter. Valmark Advisers Inc. acquired a new position in Direxion Daily Technology Bull 3X Shares during the second quarter valued at approximately $201,000. Onyx Bridge Wealth Group LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the 2nd quarter valued at $226,000. Finally, PFG Investments LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth $253,000.

Direxion Daily Technology Bull 3X Shares Trading Down 0.5 %

TECL stock opened at $98.65 on Friday. The stock has a market capitalization of $4.18 billion, a P/E ratio of 50.15 and a beta of 4.03. The firm has a 50-day moving average price of $85.63 and a 200-day moving average price of $85.55. Direxion Daily Technology Bull 3X Shares has a 12 month low of $50.87 and a 12 month high of $112.78.

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.