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

Shares of Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS) are set 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 Friday, November 1st.

Direxion Daily Technology Bear 3X Shares Trading Down 2.0 %

NYSEARCA TECS opened at $5.44 on Friday. The business’s 50 day moving average is $55.12 and its two-hundred day moving average is $64.11. Direxion Daily Technology Bear 3X Shares has a 12-month low of $4.75 and a 12-month high of $14.86.

Institutional Trading of Direxion Daily Technology Bear 3X Shares

Institutional investors have recently modified their holdings of the business. JFS Wealth Advisors LLC lifted its holdings in Direxion Daily Technology Bear 3X Shares by 120.0% in the third quarter. JFS Wealth Advisors LLC now owns 11,000 shares of the company’s stock valued at $59,000 after acquiring an additional 6,000 shares during the period. Magnolia Capital Advisors LLC purchased a new position in shares of Direxion Daily Technology Bear 3X Shares in the 2nd quarter valued at about $133,000. Finally, Hamilton Wealth LLC acquired a new stake in shares of Direxion Daily Technology Bear 3X Shares in the first quarter valued at about $207,000.

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.