Oxinas Partners Wealth Management LLC Has $2.11 Million Position in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Oxinas Partners Wealth Management LLC grew its stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 22.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,304 shares of the exchange traded fund’s stock after purchasing an additional 4,205 shares during the period. Direxion Daily Technology Bull 3X Shares comprises approximately 1.2% of Oxinas Partners Wealth Management LLC’s investment portfolio, making the stock its 23rd largest position. Oxinas Partners Wealth Management LLC owned 0.05% of Direxion Daily Technology Bull 3X Shares worth $2,110,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TECL. Farther Finance Advisors LLC boosted its position in Direxion Daily Technology Bull 3X Shares by 4,000.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 943 shares of the exchange traded fund’s stock worth $83,000 after buying an additional 920 shares during the period. Socha Financial Group LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares during the 3rd quarter worth approximately $243,000. Merit Financial Group LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares during the 4th quarter worth approximately $275,000. Mercer Global Advisors Inc. ADV acquired a new stake in Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth approximately $338,000. Finally, Plotkin Financial Advisors LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares during the 3rd quarter worth approximately $451,000.

Direxion Daily Technology Bull 3X Shares Price Performance

NYSEARCA:TECL opened at $93.57 on Wednesday. The firm’s 50 day simple moving average is $94.19 and its 200 day simple moving average is $88.81. Direxion Daily Technology Bull 3X Shares has a one year low of $54.80 and a one year high of $112.78. The company has a market cap of $3.97 billion, a PE ratio of 50.15 and a beta of 4.03.

Direxion Daily Technology Bull 3X Shares Company 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.