Triton Wealth Management PLLC Acquires New Position in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Triton Wealth Management PLLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 11,841 shares of the exchange traded fund’s stock, valued at approximately $960,000. Direxion Daily Technology Bull 3X Shares accounts for about 0.5% of Triton Wealth Management PLLC’s holdings, making the stock its 24th largest position.

Other large investors have also recently added to or reduced their stakes in the company. Trinity Legacy Partners LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares during the second quarter worth about $988,000. Squarepoint Ops LLC purchased a new position in Direxion Daily Technology Bull 3X Shares in the second quarter worth approximately $3,956,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Direxion Daily Technology Bull 3X Shares in the 2nd quarter valued at approximately $338,000. Virtu Financial LLC increased its position in shares of Direxion Daily Technology Bull 3X Shares by 577.2% in the 2nd quarter. Virtu Financial LLC now owns 27,149 shares of the exchange traded fund’s stock valued at $2,644,000 after purchasing an additional 23,140 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised 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 purchasing an additional 3,257 shares in the last quarter.

Direxion Daily Technology Bull 3X Shares Trading Up 3.2 %

Shares of TECL stock traded up $2.71 on Friday, reaching $86.73. 885,889 shares of the stock were exchanged, compared to its average volume of 2,008,038. Direxion Daily Technology Bull 3X Shares has a twelve month low of $39.02 and a twelve month high of $112.78. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 50.15 and a beta of 4.03. The business’s 50 day moving average price is $79.38 and its 200 day moving average price is $83.01.

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.