SBI Securities Co. Ltd. Makes New $21.70 Million Investment in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

SBI Securities Co. Ltd. purchased a new position in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 239,678 shares of the exchange traded fund’s stock, valued at approximately $21,703,000. Direxion Daily Technology Bull 3X Shares accounts for 0.7% of SBI Securities Co. Ltd.’s portfolio, making the stock its 26th largest holding. SBI Securities Co. Ltd. owned 0.57% of Direxion Daily Technology Bull 3X Shares as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Sollinda Capital Management LLC bought a new stake in Direxion Daily Technology Bull 3X Shares in the third quarter worth about $20,933,000. EP Wealth Advisors LLC raised its holdings in shares of Direxion Daily Technology Bull 3X Shares by 2.1% in the 3rd quarter. EP Wealth Advisors LLC now owns 52,396 shares of the exchange traded fund’s stock worth $4,586,000 after purchasing an additional 1,066 shares in the last quarter. Axxcess Wealth Management LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares during the third quarter valued at approximately $3,473,000. Oxinas Partners Wealth Management LLC boosted its holdings in Direxion Daily Technology Bull 3X Shares by 22.0% during the fourth quarter. Oxinas Partners Wealth Management LLC now owns 23,304 shares of the exchange traded fund’s stock worth $2,110,000 after buying an additional 4,205 shares in the last quarter. Finally, Rovin Capital UT ADV boosted its holdings in Direxion Daily Technology Bull 3X Shares by 2.6% during the fourth quarter. Rovin Capital UT ADV now owns 12,103 shares of the exchange traded fund’s stock worth $1,096,000 after buying an additional 306 shares in the last quarter.

Direxion Daily Technology Bull 3X Shares Stock Performance

NYSEARCA TECL opened at $78.33 on Friday. The stock has a market capitalization of $2.68 billion, a P/E ratio of 38.49 and a beta of 3.51. The business’s fifty day moving average is $91.09 and its two-hundred day moving average is $89.50. Direxion Daily Technology Bull 3X Shares has a 1 year low of $54.80 and a 1 year high of $112.78.

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.