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Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Stock Price Pass Below 200 Day Moving Average – Here’s What Happened
Direxion Daily Technology Bull 3X Shares (TECL) saw its stock price drop below its 200-day moving average, trading as low as $96.20 before closing at $102.56. The fund also declared a quarterly dividend of $8.0376 per share, representing an annualized dividend of $32.15 and a 31.3% yield. Several institutional investors have adjusted their holdings in TECL, which is an ETF providing 3x leveraged exposure to a market-cap weighted index of US large-cap technology companies.