Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS – Get Free Report)’s stock price fell 1.8% during trading on Friday . The stock traded as low as $59.47 and last traded at $60.38. 325,654 shares were traded during trading, a decline of 40% from the average session volume of 542,916 shares. The stock had previously closed at $61.50.
Direxion Daily Technology Bear 3X Shares Stock Down 1.8%
The firm’s 50-day simple moving average is $67.49 and its 200-day simple moving average is $109.89.
Institutional Investors Weigh In On Direxion Daily Technology Bear 3X Shares
Several hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in Direxion Daily Technology Bear 3X Shares during the fourth quarter worth about $958,000. IMC Chicago LLC acquired a new position in Direxion Daily Technology Bear 3X Shares in the 1st quarter valued at approximately $834,000. Tower Research Capital LLC TRC raised its holdings in Direxion Daily Technology Bear 3X Shares by 48.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 25,570 shares of the company’s stock valued at $495,000 after acquiring an additional 8,399 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Direxion Daily Technology Bear 3X Shares by 93.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 21,343 shares of the company’s stock worth $369,000 after acquiring an additional 10,306 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of Direxion Daily Technology Bear 3X Shares in the 4th quarter worth approximately $306,000.
About Direxion Daily Technology Bear 3X Shares
The Direxion Daily Technology Bear 3X Shares (TECS) is an exchange-traded fund that is based on the Technology Select Sector index. The fund provides 3x leveraged inverse exposure to a market-cap-weighted index of US large-cap technology companies. TECS was launched on Dec 17, 2008 and is managed by Direxion.
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