Direxion Daily Technology Bear 3X ETF (NYSEARCA:TECS – Get Free Report)’s stock price passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $57.64 and traded as high as $67.55. Direxion Daily Technology Bear 3X ETF shares last traded at $65.00, with a volume of 612,654 shares traded.
Direxion Daily Technology Bear 3X ETF Trading Up 14.2%
The stock’s 50 day simple moving average is $57.64 and its two-hundred day simple moving average is $106.51.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Direxion Daily Technology Bear 3X ETF stock. Geneos Wealth Management Inc. bought a new position in Direxion Daily Technology Bear 3X ETF (NYSEARCA:TECS – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,785 shares of the company’s stock, valued at approximately $57,000.
Direxion Daily Technology Bear 3X ETF 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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