Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Share Price Pass Above 200-Day Moving Average – What’s Next?

Posted by Jeff Wilder on Jan 11th, 2025

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $89.59 and traded as high as $92.54. Direxion Daily Technology Bull 3X Shares shares last traded at $91.88, with a volume of 1,483,905 shares traded.

Direxion Daily Technology Bull 3X Shares Stock Performance

The stock has a market capitalization of $3.64 billion, a PE ratio of 50.15 and a beta of 4.03. The business has a 50 day moving average of $94.85 and a two-hundred day moving average of $89.61.

Institutional Investors Weigh In On Direxion Daily Technology Bull 3X Shares

A number of hedge funds have recently made changes to their positions in the stock. Sollinda Capital Management LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares in the third quarter valued at about $20,933,000. Squarepoint Ops LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares in the second quarter valued at about $3,956,000. Axxcess Wealth Management LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares in the third quarter valued at about $3,473,000. Virtu Financial LLC raised its stake in Direxion Daily Technology Bull 3X Shares by 577.2% in the second quarter. Virtu Financial LLC now owns 27,149 shares of the exchange traded fund’s stock valued at $2,644,000 after buying an additional 23,140 shares during the last quarter. Finally, Triton Wealth Management PLLC purchased a new stake in Direxion Daily Technology Bull 3X Shares in the third quarter valued at about $960,000.

About Direxion Daily Technology Bull 3X Shares

(Get Free Report)

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.