Barclays PLC Increases Stock Position in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Barclays PLC increased its position in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 28.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,345 shares of the exchange traded fund’s stock after buying an additional 1,645 shares during the period. Barclays PLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $643,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TECL. Farther Finance Advisors LLC increased its position in shares of Direxion Daily Technology Bull 3X Shares by 4,000.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 943 shares of the exchange traded fund’s stock worth $83,000 after purchasing an additional 920 shares during the last quarter. Valmark Advisers Inc. acquired a new stake in Direxion Daily Technology Bull 3X Shares during the second quarter valued at approximately $201,000. Headlands Technologies LLC raised its stake in Direxion Daily Technology Bull 3X Shares by 169.4% during the second quarter. Headlands Technologies LLC now owns 2,427 shares of the exchange traded fund’s stock valued at $236,000 after buying an additional 1,526 shares in the last quarter. Socha Financial Group LLC bought a new position in Direxion Daily Technology Bull 3X Shares during the 3rd quarter worth approximately $243,000. Finally, PFG Investments LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares in the 2nd quarter worth approximately $253,000.

Direxion Daily Technology Bull 3X Shares Trading Down 2.7 %

TECL stock opened at $90.55 on Thursday. The stock’s 50 day simple moving average is $94.51 and its 200 day simple moving average is $89.92. Direxion Daily Technology Bull 3X Shares has a 12-month low of $54.80 and a 12-month high of $112.78. The firm has a market cap of $3.84 billion, a P/E ratio of 50.15 and a beta of 4.03.

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.