GFG Capital LLC Buys New Holdings in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

GFG Capital LLC bought a new stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 2,390 shares of the exchange traded fund’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Direxion Daily Technology Bull 3X Shares by 4,000.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 943 shares of the exchange traded fund’s stock valued at $83,000 after buying an additional 920 shares in the last quarter. Socha Financial Group LLC bought a new stake in Direxion Daily Technology Bull 3X Shares in the 3rd quarter valued at about $243,000. Merit Financial Group LLC bought a new stake in Direxion Daily Technology Bull 3X Shares in the 4th quarter valued at about $275,000. Plotkin Financial Advisors LLC bought a new stake in Direxion Daily Technology Bull 3X Shares in the 3rd quarter valued at about $451,000. Finally, Larson Financial Group LLC increased its position in Direxion Daily Technology Bull 3X Shares by 1,753.3% in the 3rd quarter. Larson Financial Group LLC now owns 6,746 shares of the exchange traded fund’s stock valued at $591,000 after buying an additional 6,382 shares in the last quarter.

Direxion Daily Technology Bull 3X Shares Price Performance

Shares of Direxion Daily Technology Bull 3X Shares stock opened at $95.08 on Friday. The business has a 50-day simple moving average of $93.04 and a 200 day simple moving average of $88.05. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 50.15 and a beta of 4.03. Direxion Daily Technology Bull 3X Shares has a one year low of $54.80 and a one year 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.