Shares of Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS – Get Free Report) traded down 1.8% on Friday . The stock traded as low as $59.47 and last traded at $60.38. Approximately 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 Performance
The company has a 50-day moving average of $67.49 and a 200-day moving average of $109.89.
Hedge Funds Weigh In On Direxion Daily Technology Bear 3X Shares
Several hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in Direxion Daily Technology Bear 3X Shares in the 4th quarter worth approximately $958,000. IMC Chicago LLC purchased a new position in shares of Direxion Daily Technology Bear 3X Shares in the first quarter worth $834,000. Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily Technology Bear 3X Shares by 48.9% in the third quarter. Tower Research Capital LLC TRC now owns 25,570 shares of the company’s stock worth $495,000 after buying an additional 8,399 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of Direxion Daily Technology Bear 3X Shares by 93.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 21,343 shares of the company’s stock worth $369,000 after buying an additional 10,306 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of Direxion Daily Technology Bear 3X Shares during the fourth quarter worth $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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