Magnolia Capital Advisors LLC Buys Shares of 22,705 Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS)

Magnolia Capital Advisors LLC bought a new stake in shares of Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 22,705 shares of the company’s stock, valued at approximately $133,000. Magnolia Capital Advisors LLC owned about 0.23% of Direxion Daily Technology Bear 3X Shares at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sollinda Capital Management LLC purchased a new stake in Direxion Daily Technology Bear 3X Shares during the 4th quarter valued at $188,000. Hamilton Wealth LLC bought a new stake in shares of Direxion Daily Technology Bear 3X Shares during the 1st quarter valued at $207,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Direxion Daily Technology Bear 3X Shares during the 4th quarter valued at $693,000. IMC Chicago LLC bought a new stake in shares of Direxion Daily Technology Bear 3X Shares during the 1st quarter valued at $1,037,000. Finally, Virtu Financial LLC bought a new stake in shares of Direxion Daily Technology Bear 3X Shares during the 4th quarter valued at $1,751,000.

Direxion Daily Technology Bear 3X Shares Price Performance

Shares of TECS stock opened at $5.34 on Tuesday. Direxion Daily Technology Bear 3X Shares has a 1 year low of $5.03 and a 1 year high of $17.50. The firm has a fifty day moving average price of $6.35 and a 200-day moving average price of $6.87.

Direxion Daily Technology Bear 3X Shares 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.