Flow Traders U.S. LLC Sells 6,060 Shares of Direxion Daily Technology Bull 3X Shares $TECL

Flow Traders U.S. LLC decreased its stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 25.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 17,690 shares of the exchange traded fund’s stock after selling 6,060 shares during the period. Flow Traders U.S. LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $1,655,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Headlands Technologies LLC bought a new stake in Direxion Daily Technology Bull 3X Shares in the first quarter valued at approximately $35,000. Ameritas Advisory Services LLC bought a new position in Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth approximately $53,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Direxion Daily Technology Bull 3X Shares by 99.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 601 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 300 shares during the period. Kelly Financial Services LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares in the 2nd quarter worth approximately $204,000. Finally, Socha Financial Group LLC bought a new stake in shares of Direxion Daily Technology Bull 3X Shares in the 2nd quarter valued at $218,000.

Direxion Daily Technology Bull 3X Shares Stock Up 2.1%

TECL opened at $133.00 on Monday. Direxion Daily Technology Bull 3X Shares has a twelve month low of $32.52 and a twelve month high of $155.50. The company has a fifty day moving average of $129.58 and a 200-day moving average of $108.28. The stock has a market cap of $4.44 billion, a PE ratio of 36.87 and a beta of 3.66.

About Direxion Daily Technology Bull 3X Shares

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.