Virtu Financial LLC lessened its stake in shares of Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS – Free Report) by 10.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 158,448 shares of the company’s stock after selling 18,563 shares during the quarter. Virtu Financial LLC’s holdings in Direxion Daily Technology Bear 3X Shares were worth $1,217,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in TECS. Axxcess Wealth Management LLC bought a new stake in Direxion Daily Technology Bear 3X Shares during the 4th quarter valued at approximately $1,254,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Direxion Daily Technology Bear 3X Shares in the 4th quarter worth approximately $693,000. IMC Chicago LLC bought a new stake in shares of Direxion Daily Technology Bear 3X Shares in the 1st quarter worth approximately $1,037,000. Finally, Sollinda Capital Management LLC bought a new stake in shares of Direxion Daily Technology Bear 3X Shares in the 4th quarter worth approximately $188,000.
Direxion Daily Technology Bear 3X Shares Price Performance
Shares of TECS stock traded up $0.60 during mid-day trading on Friday, reaching $7.59. The stock had a trading volume of 31,819,889 shares, compared to its average volume of 11,559,027. The firm’s 50 day simple moving average is $6.18 and its 200 day simple moving average is $7.50. Direxion Daily Technology Bear 3X Shares has a one year low of $5.03 and a one year 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.
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