Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS) Shares Scheduled to Reverse Split on Monday, November 4th

Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS)’s stock is scheduled to reverse split before the market opens on Monday, November 4th. The 1-10 reverse split was announced on Friday, October 11th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, October 31st.

Direxion Daily Technology Bear 3X Shares Trading Up 0.2 %

NYSEARCA TECS opened at $4.92 on Wednesday. The company has a 50 day moving average price of $5.72 and a 200 day moving average price of $6.58. Direxion Daily Technology Bear 3X Shares has a 52 week low of $4.75 and a 52 week high of $17.50.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Magnolia Capital Advisors LLC bought a new position in shares of Direxion Daily Technology Bear 3X Shares during the 2nd quarter worth approximately $133,000. Hamilton Wealth LLC acquired a new position in Direxion Daily Technology Bear 3X Shares during the 1st quarter valued at approximately $207,000. Finally, IMC Chicago LLC acquired a new position in Direxion Daily Technology Bear 3X Shares during the 1st quarter valued at approximately $1,037,000.

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.