IMC Chicago LLC Invests $1.04 Million in Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS)

IMC Chicago LLC acquired a new stake in shares of Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 134,997 shares of the company’s stock, valued at approximately $1,037,000. IMC Chicago LLC owned 1.52% of Direxion Daily Technology Bear 3X Shares at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TECS. Axxcess Wealth Management LLC bought a new stake in shares of Direxion Daily Technology Bear 3X Shares during the fourth quarter valued at approximately $1,254,000. Sollinda Capital Management LLC bought a new stake in Direxion Daily Technology Bear 3X Shares in the fourth quarter valued at $188,000. Virtu Financial LLC bought a new stake in Direxion Daily Technology Bear 3X Shares in the fourth quarter valued at $1,751,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Direxion Daily Technology Bear 3X Shares in the fourth quarter valued at $693,000.

Direxion Daily Technology Bear 3X Shares Stock Performance

Shares of NYSEARCA:TECS opened at $5.84 on Friday. The business’s fifty day moving average price is $7.32 and its two-hundred day moving average price is $8.25. Direxion Daily Technology Bear 3X Shares has a fifty-two week low of $5.51 and a fifty-two week high of $17.50.

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.