Virtu Financial LLC Invests $1.75 Million in Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS)

Virtu Financial LLC purchased a new stake in Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 177,011 shares of the company’s stock, valued at approximately $1,751,000.

Separately, Sollinda Capital Management LLC bought a new stake in shares of Direxion Daily Technology Bear 3X Shares during the fourth quarter valued at about $188,000.

Direxion Daily Technology Bear 3X Shares Price Performance

Shares of TECS stock traded down $0.05 during trading hours on Friday, reaching $5.87. The stock had a trading volume of 7,509,428 shares, compared to its average volume of 10,617,626. The stock’s fifty day simple moving average is $7.77 and its 200 day simple moving average is $8.58. Direxion Daily Technology Bear 3X Shares has a 12 month low of $5.84 and a 12 month high of $17.50.

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.