Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS – Get Free Report) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 120,482 shares, a decline of 90.0% from the June 30th total of 1,206,139 shares. Based on an average daily volume of 953,353 shares, the short-interest ratio is presently 0.1 days. Approximately 11.8% of the shares of the company are sold short.
Institutional Investors Weigh In On Direxion Daily Technology Bear 3X Shares
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Two Sigma Securities LLC acquired a new stake in shares of Direxion Daily Technology Bear 3X Shares in the second quarter valued at approximately $274,000. BTG Pactual Asset Management US LLC acquired a new position in shares of Direxion Daily Technology Bear 3X Shares in the 3rd quarter valued at $275,000. Tower Research Capital LLC TRC increased its holdings in shares of 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 during the period. CWA Asset Management Group LLC purchased a new stake in Direxion Daily Technology Bear 3X Shares in the 4th quarter valued at $173,000. Finally, SBI Securities Co. Ltd. raised its position in 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 valued at $369,000 after purchasing an additional 10,306 shares during the last quarter.
Direxion Daily Technology Bear 3X Shares Stock Up 4.1%
Shares of Direxion Daily Technology Bear 3X Shares stock traded up $3.04 on Friday, hitting $76.33. The stock had a trading volume of 283,959 shares, compared to its average volume of 582,028. Direxion Daily Technology Bear 3X Shares has a 52-week low of $59.00 and a 52-week high of $260.60. The company’s 50 day moving average price is $71.38 and its 200 day moving average price is $132.65.
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.
See Also
- Five stocks we like better than Direxion Daily Technology Bear 3X Shares
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
Receive News & Ratings for Direxion Daily Technology Bear 3X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Technology Bear 3X Shares and related companies with MarketBeat.com's FREE daily email newsletter.
