JFS Wealth Advisors LLC Decreases Stock Position in Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS)

JFS Wealth Advisors LLC decreased its holdings in shares of Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS) by 90.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,100 shares of the company’s stock after selling 9,900 shares during the period. JFS Wealth Advisors LLC’s holdings in Direxion Daily Technology Bear 3X Shares were worth $52,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Larson Financial Group LLC purchased a new stake in Direxion Daily Technology Bear 3X Shares during the 3rd quarter worth approximately $75,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Direxion Daily Technology Bear 3X Shares during the third quarter worth $326,000. Flow Traders U.S. LLC grew its holdings in shares of Direxion Daily Technology Bear 3X Shares by 72.4% during the third quarter. Flow Traders U.S. LLC now owns 181,173 shares of the company’s stock valued at $967,000 after buying an additional 76,102 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Direxion Daily Technology Bear 3X Shares in the 3rd quarter valued at $1,140,000.

Direxion Daily Technology Bear 3X Shares Stock Performance

Shares of TECS stock opened at $41.35 on Wednesday. The business has a fifty day moving average of $45.97 and a 200 day moving average of $294.71. Direxion Daily Technology Bear 3X Shares has a 1 year low of $41.35 and a 1 year high of $97.75.

About Direxion Daily Technology Bear 3X Shares

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.