On July 13, Direxion Daily Technology Bull 3x (TECL) fell 6.38% in pre-market trading to $199.69/share, with turnover of $190,300.

On the news front, a Goldman Sachs fund flow tracking report revealed that U.S. hedge funds have net sold semiconductor and hardware technology stocks for a fourth consecutive week, with heavy profit-taking sentiment across the AI sector accelerating capital withdrawal from high-volatility names. The Philadelphia Semiconductor Index declined over 4% in a single week, with Intel, AMD, and Micron among the core constituents leading the selloff. Market participants remain divided over the near-term return profile of AI capital expenditures, keeping the chip sector under sustained pressure.

As a triple-leveraged ETF tracking the Technology Select Sector Index, TECL's decline is significantly amplified relative to the underlying sector drawdown. The fund invests at least 80% of its net assets in financial instruments providing 3X daily leveraged exposure to the index, making it highly sensitive to broad tech sector rotations.

(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.)