Sollinda Capital Management LLC Invests $20.93 Million in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Sollinda Capital Management LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 239,148 shares of the exchange traded fund’s stock, valued at approximately $20,933,000. Direxion Daily Technology Bull 3X Shares accounts for 5.9% of Sollinda Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Sollinda Capital Management LLC owned 0.56% of Direxion Daily Technology Bull 3X Shares as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TECL. Headlands Technologies LLC bought a new stake in Direxion Daily Technology Bull 3X Shares during the 1st quarter valued at $72,000. EP Wealth Advisors LLC raised its position in Direxion Daily Technology Bull 3X Shares by 11.1% during the 1st quarter. EP Wealth Advisors LLC now owns 54,054 shares of the exchange traded fund’s stock valued at $4,332,000 after purchasing an additional 5,393 shares in the last quarter. Virtu Financial LLC bought a new stake in Direxion Daily Technology Bull 3X Shares during the 1st quarter valued at $321,000. Kingswood Wealth Advisors LLC bought a new stake in Direxion Daily Technology Bull 3X Shares during the 2nd quarter valued at $271,000. Finally, James J. Burns & Company LLC bought a new stake in Direxion Daily Technology Bull 3X Shares during the 2nd quarter valued at $364,000.

Direxion Daily Technology Bull 3X Shares Stock Performance

NYSEARCA TECL traded up $1.80 on Friday, reaching $83.59. 1,266,808 shares of the stock traded hands, compared to its average volume of 1,908,654. Direxion Daily Technology Bull 3X Shares has a 12 month low of $45.80 and a 12 month high of $112.78. The company has a fifty day moving average price of $84.73 and a 200-day moving average price of $84.66. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 50.15 and a beta of 4.03.

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.