ETF Outflow Update: TECL, CRM, INTU, ACN Under Scrutiny

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The Direxion Daily Technology Bull 3X Shares (TECL) experienced a significant week-over-week outflow of approximately $216.6 million, marking a 3.5% decrease in shares outstanding, from 31,350,000 to 30,250,000. Notable declines among its main components include Salesforce Inc (CRM) down 2.2%, Intuit Inc (INTU) down 19.3%, and Accenture plc (ACN) down 1.6%.

TECL’s year-to-date trading range shows a low point of $66.6504 per share and a 52-week high of $208.28, with the latest trading price at $194.00, indicating a current position below its historical peak.

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