Oxinas Partners Wealth Management LLC raised its position in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Free Report) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,099 shares of the exchange traded fund’s stock after purchasing an additional 607 shares during the quarter. Direxion Daily Technology Bull 3X Shares accounts for approximately 1.0% of Oxinas Partners Wealth Management LLC’s holdings, making the stock its 27th biggest holding. Oxinas Partners Wealth Management LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $1,672,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in TECL. Headlands Technologies LLC purchased a new stake in shares of Direxion Daily Technology Bull 3X Shares in the first quarter worth approximately $72,000. Valmark Advisers Inc. purchased a new stake in Direxion Daily Technology Bull 3X Shares in the second quarter worth $201,000. Onyx Bridge Wealth Group LLC purchased a new stake in shares of Direxion Daily Technology Bull 3X Shares during the second quarter valued at $226,000. PFG Investments LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares in the second quarter worth about $253,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in Direxion Daily Technology Bull 3X Shares in the 2nd quarter worth about $271,000.
Direxion Daily Technology Bull 3X Shares Stock Down 6.2 %
TECL traded down $5.99 on Tuesday, reaching $90.23. 1,401,528 shares of the company traded hands, compared to its average volume of 1,970,431. The company has a market cap of $3.83 billion, a P/E ratio of 50.15 and a beta of 4.03. Direxion Daily Technology Bull 3X Shares has a one year low of $39.02 and a one year high of $112.78. The firm has a fifty day simple moving average of $81.38 and a two-hundred day simple moving average of $83.48.
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.
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