Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS – Get Free Report)’s stock price were up 1.2% during trading on Friday . The stock traded as high as $58.93 and last traded at $58.24. 221,605 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 562,032 shares. The stock had previously closed at $57.56.
Direxion Daily Technology Bear 3X Shares Stock Performance
The business’s 50 day moving average price is $69.29 and its 200-day moving average price is $121.67.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. bought a new stake in shares of Direxion Daily Technology Bear 3X Shares during the first quarter worth approximately $57,000. Tower Research Capital LLC TRC increased its stake in shares of Direxion Daily Technology Bear 3X Shares by 48.9% during the third quarter. Tower Research Capital LLC TRC now owns 25,570 shares of the company’s stock worth $495,000 after purchasing an additional 8,399 shares during the period. Two Sigma Securities LLC bought a new position in shares of Direxion Daily Technology Bear 3X Shares during the second quarter worth approximately $274,000. SBI Securities Co. Ltd. lifted its holdings in Direxion Daily Technology Bear 3X Shares by 93.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 21,343 shares of the company’s stock worth $369,000 after purchasing an additional 10,306 shares during the last quarter. Finally, BTG Pactual Asset Management US LLC acquired a new stake in Direxion Daily Technology Bear 3X Shares during the 3rd quarter worth approximately $275,000.
Direxion Daily Technology Bear 3X Shares Company Profile
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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