Today were reported Direxion Shares Exchange Traded Fund Trust (NYSEARCA:TECL)‘s daily net flows. The ETF registered $-73.37M asset outflows for -29.81% decrease, reaching $172.78M after yestarday’s trading session. The chart of Direxion Shares Exchange Traded Fund Trust shows negative short-term setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net outflows leads to less cash for managers to invest, which theoretically decreases demand for the etf’s holdings. The stock decreased 2.60% or $1.23 on November 1, hitting $46.08. It is down 16.87% since March 31, 2016 and is uptrending. It has outperformed by 14.34% the S&P500.
The ETF’s YTD performance is 33.19%, the 1 year is 68.36% and the 3 year is 43.42%.
The ETF’s average P/E ratio is 19.76, the price to book is 4.29, the price to sales is 3.05 and the price to cashflow is 11.17. Direxion Shares Exchange Traded Fund Trust is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: Technology Select Sector for 27.41% of assets, Technology Select Sector SPDRÂ® ETF for 4.40%, Fidelity Institutional Go for 3.85%.
More news for Direxion Shares Exchange Traded Fund Trust (NYSEARCA:TECL) were recently published by: Profitconfidential.com, which released: “Triple-Digit Upside for Direxion Shares Exchange Traded Fund Trust?” on August 23, 2016. Investorplace.com‘s article titled: “The Direxion Shares Exchange Traded Fund Trust (DUST) Is Flying!” and published on October 04, 2016 is yet another important article.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.