Virtu Financial LLC Sells 18,563 Shares of Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS)

Virtu Financial LLC lessened its holdings in shares of Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS) by 10.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 158,448 shares of the company’s stock after selling 18,563 shares during the quarter. Virtu Financial LLC owned about 1.60% of Direxion Daily Technology Bear 3X Shares worth $1,217,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Sollinda Capital Management LLC bought a new stake in Direxion Daily Technology Bear 3X Shares in the 4th quarter worth approximately $188,000. B. Riley Wealth Advisors Inc. bought a new stake in Direxion Daily Technology Bear 3X Shares in the 4th quarter worth approximately $693,000. Axxcess Wealth Management LLC bought a new stake in Direxion Daily Technology Bear 3X Shares in the 4th quarter worth approximately $1,254,000. Finally, IMC Chicago LLC purchased a new position in Direxion Daily Technology Bear 3X Shares in the 1st quarter worth approximately $1,037,000.

Direxion Daily Technology Bear 3X Shares Price Performance

Direxion Daily Technology Bear 3X Shares stock traded up $0.60 during trading hours on Friday, reaching $7.59. The company had a trading volume of 31,819,889 shares, compared to its average volume of 11,559,027. The company has a 50-day moving average price of $6.18 and a 200 day moving average price of $7.50. Direxion Daily Technology Bear 3X Shares has a 12-month low of $5.03 and a 12-month high of $17.50.

Direxion Daily Technology Bear 3X Shares 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.