Flow Traders U.S. LLC Trims Stock Holdings in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Flow Traders U.S. LLC lowered its position in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 43.2% in the third quarter, HoldingsChannel.com reports. The fund owned 19,223 shares of the exchange traded fund’s stock after selling 14,618 shares during the quarter. Flow Traders U.S. LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $1,683,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Triton Wealth Management PLLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the third quarter worth about $960,000. Stratos Wealth Advisors LLC lifted its stake in Direxion Daily Technology Bull 3X Shares by 0.9% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 24,764 shares of the exchange traded fund’s stock valued at $2,168,000 after acquiring an additional 232 shares during the period. Virtu Financial LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares during the 1st quarter valued at approximately $321,000. Main Street Financial Solutions LLC boosted its holdings in shares of Direxion Daily Technology Bull 3X Shares by 27.5% in the 2nd quarter. Main Street Financial Solutions LLC now owns 15,094 shares of the exchange traded fund’s stock valued at $1,470,000 after acquiring an additional 3,257 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Direxion Daily Technology Bull 3X Shares by 4,000.0% in the third 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 during the period.

Direxion Daily Technology Bull 3X Shares Price Performance

NYSEARCA TECL opened at $93.51 on Monday. Direxion Daily Technology Bull 3X Shares has a 1 year low of $54.80 and a 1 year high of $112.78. The company has a market capitalization of $3.96 billion, a PE ratio of 50.15 and a beta of 4.03. The company has a fifty day moving average of $90.56 and a 200 day moving average of $88.00.

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.