Direxion Daily Technology Bear 3X ETF (NYSEARCA:TECS) Stock Short Interest Report for September

Direxion Daily Technology Bear 3X ETF (NYSEARCA:TECS) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 136,099 shares, a growth of 132.1% from the September 15th total of 58,647 shares. Based on an average trading volume of 432,995 shares, the short-interest ratio is presently 0.3 days. Currently, 10.3% of the shares of the stock are short sold.

Direxion Daily Technology Bear 3X ETF Price Performance

NYSEARCA TECS opened at $56.20 on Thursday. Direxion Daily Technology Bear 3X ETF has a twelve month low of $46.40 and a twelve month high of $240.40. The business’s fifty day moving average is $57.97 and its 200 day moving average is $83.11.

Hedge Funds Weigh In On Direxion Daily Technology Bear 3X ETF

Several large investors have recently bought and sold shares of TECS. Geneos Wealth Management Inc. acquired a new stake in shares of Direxion Daily Technology Bear 3X ETF during the first quarter valued at about $57,000. IMC Chicago LLC acquired a new position in shares of Direxion Daily Technology Bear 3X ETF in the first quarter valued at approximately $834,000. Finally, Virtu Financial LLC acquired a new position in shares of Direxion Daily Technology Bear 3X ETF in the fourth quarter valued at approximately $958,000.

Direxion Daily Technology Bear 3X ETF 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.