Townsquare Capital LLC Has $945,000 Stock Holdings in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Townsquare Capital LLC decreased its position in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 24.4% during the 3rd quarter, Holdings Channel reports. The fund owned 10,799 shares of the exchange traded fund’s stock after selling 3,483 shares during the quarter. Townsquare Capital LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $945,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TECL. Larson Financial Group LLC grew its stake in Direxion Daily Technology Bull 3X Shares by 1,753.3% in the third quarter. Larson Financial Group LLC now owns 6,746 shares of the exchange traded fund’s stock valued at $591,000 after acquiring an additional 6,382 shares during the period. Axxcess Wealth Management LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the 3rd quarter valued at about $3,473,000. Rovin Capital UT ADV grew its position in shares of Direxion Daily Technology Bull 3X Shares by 23.3% in the 3rd quarter. Rovin Capital UT ADV now owns 11,797 shares of the exchange traded fund’s stock valued at $1,033,000 after purchasing an additional 2,233 shares during the period. Socha Financial Group LLC bought a new stake in Direxion Daily Technology Bull 3X Shares during the 3rd quarter worth approximately $243,000. Finally, Sollinda Capital Management LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares during the 3rd quarter worth approximately $20,933,000.

Direxion Daily Technology Bull 3X Shares Stock Performance

Shares of TECL opened at $96.14 on Tuesday. The firm has a market cap of $4.08 billion, a P/E ratio of 50.15 and a beta of 4.03. Direxion Daily Technology Bull 3X Shares has a twelve month low of $54.80 and a twelve month high of $112.78. The firm’s 50 day moving average price is $90.81 and its two-hundred day moving average price is $88.13.

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.