SBI Securities Co. Ltd. purchased a new position in shares of Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,306 shares of the company’s stock, valued at approximately $253,000. SBI Securities Co. Ltd. owned 0.05% of Direxion Daily Technology Bear 3X Shares as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the business. Larson Financial Group LLC acquired a new position in shares of Direxion Daily Technology Bear 3X Shares during the third quarter worth $75,000. B. Riley Wealth Advisors Inc. bought a new stake in Direxion Daily Technology Bear 3X Shares in the third quarter valued at $326,000. Flow Traders U.S. LLC increased its position in shares of Direxion Daily Technology Bear 3X Shares by 72.4% during the third quarter. Flow Traders U.S. LLC now owns 181,173 shares of the company’s stock worth $967,000 after acquiring an additional 76,102 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Direxion Daily Technology Bear 3X Shares during the third quarter worth about $1,140,000.
Direxion Daily Technology Bear 3X Shares Price Performance
NYSEARCA:TECS opened at $53.18 on Thursday. Direxion Daily Technology Bear 3X Shares has a one year low of $40.89 and a one year high of $97.75. The firm has a 50-day moving average of $46.75 and a 200-day moving average of $241.36.
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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