Direxion Daily Technology Bull 3X Shares Plans Quarterly Dividend of $8.04 (NYSEARCA:TECL)

by · The Markets Daily

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report) announced a quarterly dividend on Tuesday, December 9th. Investors of record on Wednesday, December 10th will be given a dividend of 8.0376 per share by the exchange traded fund on Wednesday, December 17th. This represents a c) dividend on an annualized basis and a dividend yield of 25.2%. The ex-dividend date is Wednesday, December 10th.

Direxion Daily Technology Bull 3X Shares Stock Performance

TECL traded down $9.33 on Wednesday, hitting $127.51. 468,698 shares of the company were exchanged, compared to its average volume of 1,554,293. Direxion Daily Technology Bull 3X Shares has a 12 month low of $32.52 and a 12 month high of $155.50. The company has a market cap of $4.25 billion, a PE ratio of 36.87 and a beta of 3.66. The stock’s fifty day moving average is $130.10 and its 200-day moving average is $109.23.

Institutional Investors Weigh In On Direxion Daily Technology Bull 3X Shares

Large investors have recently made changes to their positions in the stock. Gotham Asset Management LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the 3rd quarter worth approximately $14,636,000. Oxinas Partners Wealth Management LLC lifted its holdings in Direxion Daily Technology Bull 3X Shares by 85.9% during the 2nd quarter. Oxinas Partners Wealth Management LLC now owns 55,034 shares of the exchange traded fund’s stock valued at $5,150,000 after purchasing an additional 25,435 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in Direxion Daily Technology Bull 3X Shares during the second quarter worth $2,299,000. Modern Wealth Management LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares in the second quarter valued at $2,279,000. Finally, Jump Financial LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares in the second quarter valued at about $1,963,000.

About Direxion Daily Technology Bull 3X Shares

(Get Free Report)

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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