Sowell Financial Services LLC Decreases Position in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Sowell Financial Services LLC decreased its stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 50.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,255 shares of the exchange traded fund’s stock after selling 15,564 shares during the period. Sowell Financial Services LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $1,381,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC lifted its stake in shares of Direxion Daily Technology Bull 3X Shares by 28.9% in the third quarter. Barclays PLC now owns 7,345 shares of the exchange traded fund’s stock worth $643,000 after acquiring an additional 1,645 shares in the last quarter. Merit Financial Group LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares in the fourth quarter worth about $275,000. Farther Finance Advisors LLC lifted its stake in shares of Direxion Daily Technology Bull 3X Shares by 4,000.0% in the third quarter. Farther Finance Advisors LLC now owns 943 shares of the exchange traded fund’s stock worth $83,000 after acquiring an additional 920 shares in the last quarter. Millington Financial Advisors LLC lifted its stake in shares of Direxion Daily Technology Bull 3X Shares by 7.4% in the fourth quarter. Millington Financial Advisors LLC now owns 3,059 shares of the exchange traded fund’s stock worth $252,000 after acquiring an additional 212 shares in the last quarter. Finally, Rovin Capital UT ADV lifted its stake in shares of Direxion Daily Technology Bull 3X Shares by 2.6% in the fourth quarter. Rovin Capital UT ADV now owns 12,103 shares of the exchange traded fund’s stock worth $1,096,000 after acquiring an additional 306 shares in the last quarter.

Direxion Daily Technology Bull 3X Shares Stock Performance

NYSEARCA:TECL opened at $61.87 on Tuesday. Direxion Daily Technology Bull 3X Shares has a one year low of $54.80 and a one year high of $112.78. The business’s 50-day simple moving average is $88.27 and its 200 day simple moving average is $89.08. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 38.49 and a beta of 3.51.

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.