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

Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS)’s stock is set to reverse split on the morning of 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 %

Direxion Daily Technology Bear 3X Shares stock opened at $5.44 on Friday. The firm’s 50-day simple moving average is $55.12 and its 200 day simple moving average is $64.11. Direxion Daily Technology Bear 3X Shares has a 52 week low of $4.75 and a 52 week high of $14.86.

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

Several large investors have recently added to or reduced their stakes in the business. Hamilton Wealth LLC acquired a new position in shares of Direxion Daily Technology Bear 3X Shares during the 1st quarter valued at about $207,000. Magnolia Capital Advisors LLC acquired a new position in Direxion Daily Technology Bear 3X Shares in the second quarter valued at $133,000. Finally, JFS Wealth Advisors LLC grew its position in Direxion Daily Technology Bear 3X Shares by 120.0% during 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.

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.