Sowell Financial Services LLC Has $1.38 Million Holdings in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Sowell Financial Services LLC lowered its stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 50.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,255 shares of the exchange traded fund’s stock after selling 15,564 shares during the period. Sowell Financial Services LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $1,381,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TECL. SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the fourth quarter worth about $21,703,000. Axxcess Wealth Management LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares in the third quarter worth about $3,473,000. Larson Financial Group LLC increased its stake in shares of Direxion Daily Technology Bull 3X Shares by 1,753.3% in the third quarter. Larson Financial Group LLC now owns 6,746 shares of the exchange traded fund’s stock worth $591,000 after purchasing an additional 6,382 shares during the period. Plotkin Financial Advisors LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares in the third quarter worth about $451,000. Finally, Oxinas Partners Wealth Management LLC increased its stake in shares of Direxion Daily Technology Bull 3X Shares by 22.0% in the fourth quarter. Oxinas Partners Wealth Management LLC now owns 23,304 shares of the exchange traded fund’s stock worth $2,110,000 after purchasing an additional 4,205 shares during the period.

Direxion Daily Technology Bull 3X Shares Stock Performance

Direxion Daily Technology Bull 3X Shares stock opened at $61.87 on Tuesday. The business’s 50-day simple moving average is $88.27 and its 200-day simple moving average is $89.08. The firm has a market capitalization of $2.12 billion, a PE ratio of 38.49 and a beta of 3.51. Direxion Daily Technology Bull 3X Shares has a 52 week low of $54.80 and a 52 week high of $112.78.

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.