Direxion Daily Technology Bull 3X Shares Target of Unusually High Options Trading (NYSEARCA:TECL)

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Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) was the recipient of some unusual options trading activity on Friday. Stock traders bought 14,244 put options on the stock. This represents an increase of 310% compared to the average daily volume of 3,470 put options.

A number of institutional investors have recently added to or reduced their stakes in TECL. Sowell Financial Services LLC grew its stake in shares of Direxion Daily Technology Bull 3X Shares by 1.9% during the 2nd quarter. Sowell Financial Services LLC now owns 12,227 shares of the exchange traded fund’s stock worth $680,000 after acquiring an additional 230 shares in the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Direxion Daily Technology Bull 3X Shares by 5.7% during the second quarter. Belpointe Asset Management LLC now owns 8,400 shares of the exchange traded fund’s stock worth $467,000 after buying an additional 450 shares in the last quarter. Koshinski Asset Management Inc. acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the third quarter worth $48,000. Qube Research & Technologies Ltd raised its stake in Direxion Daily Technology Bull 3X Shares by 177.4% in the second quarter. Qube Research & Technologies Ltd now owns 1,470 shares of the exchange traded fund’s stock valued at $82,000 after purchasing an additional 940 shares in the last quarter. Finally, Advisor Group Holdings Inc. raised its stake in Direxion Daily Technology Bull 3X Shares by 60.1% in the third quarter. Advisor Group Holdings Inc. now owns 2,663 shares of the exchange traded fund’s stock valued at $151,000 after purchasing an additional 1,000 shares in the last quarter.

Shares of Direxion Daily Technology Bull 3X Shares stock opened at $86.23 on Friday. The company’s fifty day moving average price is $79.86 and its two-hundred day moving average price is $67.81. Direxion Daily Technology Bull 3X Shares has a 52-week low of $34.60 and a 52-week high of $91.04.

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