World Equity Group Inc. decreased its holdings in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Free Report) by 51.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,890 shares of the exchange traded fund’s stock after selling 4,075 shares during the period. World Equity Group Inc.’s holdings in Direxion Daily Technology Bull 3X Shares were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also modified their holdings of TECL. Headlands Technologies LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares during the 1st quarter valued at about $72,000. EP Wealth Advisors LLC lifted its stake in Direxion Daily Technology Bull 3X Shares by 11.1% during the 1st quarter. EP Wealth Advisors LLC now owns 54,054 shares of the exchange traded fund’s stock valued at $4,332,000 after acquiring an additional 5,393 shares during the period. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Technology Bull 3X Shares in the 1st quarter valued at $321,000. Kingswood Wealth Advisors LLC purchased a new position in shares of Direxion Daily Technology Bull 3X Shares during the second quarter worth $271,000. Finally, James J. Burns & Company LLC acquired a new position in Direxion Daily Technology Bull 3X Shares during the second quarter valued at $364,000.
Direxion Daily Technology Bull 3X Shares Stock Performance
TECL opened at $83.35 on Tuesday. The company has a fifty day moving average of $84.70 and a two-hundred day moving average of $84.98. Direxion Daily Technology Bull 3X Shares has a fifty-two week low of $48.20 and a fifty-two week high of $112.78. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 50.15 and a beta of 4.03.
Direxion Daily Technology Bull 3X Shares 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.
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