Hollencrest Capital Management Purchases New Shares in Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS)

Hollencrest Capital Management acquired a new stake in shares of Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,740 shares of the company’s stock, valued at approximately $134,000. Hollencrest Capital Management owned about 0.11% of Direxion Daily Technology Bear 3X Shares at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Jane Street Group LLC lifted its stake in Direxion Daily Technology Bear 3X Shares by 445.5% during the third quarter. Jane Street Group LLC now owns 248,405 shares of the company’s stock worth $13,806,000 after purchasing an additional 202,864 shares during the last quarter. Ferguson Shapiro LLC acquired a new position in shares of Direxion Daily Technology Bear 3X Shares in the 2nd quarter valued at about $1,313,000. Virtu Financial LLC grew its position in shares of Direxion Daily Technology Bear 3X Shares by 239.4% during the 2nd quarter. Virtu Financial LLC now owns 91,556 shares of the company’s stock valued at $1,255,000 after buying an additional 64,580 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in Direxion Daily Technology Bear 3X Shares during the second quarter worth about $1,131,000. Finally, Simplex Trading LLC lifted its holdings in Direxion Daily Technology Bear 3X Shares by 18,942.0% in the second quarter. Simplex Trading LLC now owns 57,126 shares of the company’s stock worth $783,000 after acquiring an additional 56,826 shares during the last quarter.

Direxion Daily Technology Bear 3X Shares Stock Performance

Shares of TECS traded up $0.07 during mid-day trading on Friday, reaching $11.59. 4,380,032 shares of the company’s stock traded hands, compared to its average volume of 3,316,113. Direxion Daily Technology Bear 3X Shares has a 12 month low of $11.47 and a 12 month high of $44.42. The business’s 50-day moving average price is $14.82 and its 200-day moving average price is $15.31.

Direxion Daily Technology Bear 3X Shares 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.