Farther Finance Advisors LLC Acquires Shares of 9,494 Direxion Daily Technology Bull 3X Shares $TECL

Farther Finance Advisors LLC bought a new position in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,494 shares of the exchange traded fund’s stock, valued at approximately $1,181,000.

A number of other hedge funds have also made changes to their positions in TECL. Thurston Springer Miller Herd & Titak Inc. bought a new position in Direxion Daily Technology Bull 3X Shares during the 3rd quarter valued at about $43,000. Anchor Investment Management LLC bought a new stake in Direxion Daily Technology Bull 3X Shares during the second quarter worth about $59,000. Headlands Technologies LLC increased its holdings in shares of Direxion Daily Technology Bull 3X Shares by 164.8% during the second quarter. Headlands Technologies LLC now owns 1,597 shares of the exchange traded fund’s stock worth $149,000 after buying an additional 994 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Direxion Daily Technology Bull 3X Shares in the second quarter valued at approximately $2,299,000. Finally, Two Sigma Securities LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares in the second quarter valued at approximately $872,000.

Direxion Daily Technology Bull 3X Shares Price Performance

NYSEARCA TECL opened at $124.00 on Monday. The stock’s 50 day simple moving average is $128.00 and its 200 day simple moving average is $113.30. Direxion Daily Technology Bull 3X Shares has a one year low of $32.52 and a one year high of $155.50. The firm has a market cap of $4.14 billion, a PE ratio of 36.87 and a beta of 3.66.

Direxion Daily Technology Bull 3X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 10th were paid a $8.0376 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $32.15 dividend on an annualized basis and a dividend yield of 25.9%.

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.