On July 13, Direxion Daily Technology Bull 3x declined 5.26% in regular trading, trading at $198.0/share, with turnover of $22.59 million.

On the news front, a Goldman Sachs fund tracking report revealed that US hedge funds have net sold semiconductor and hardware technology stocks for a fourth consecutive week, with strong profit-taking sentiment across the AI sector and accelerating capital withdrawal from high-volatility names. The Philadelphia Semiconductor Index fell over 4% in a single week, led by declines in Intel, AMD, and Micron, as market disagreement over AI capital expenditure returns intensified. As a triple-leveraged ETF, TECL saw its losses significantly amplified relative to the underlying technology sector pullback. Hedge funds have simultaneously shifted toward defensive and cyclical assets including consumer staples, real estate, and energy, while buying broad-based index products to hedge overall market volatility.

The fund invests at least 80% of its net assets in financial instruments that provide 3X daily leveraged exposure to a technology sector index, including swap agreements, index securities, and ETFs. It is non-diversified.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)