EverSource Wealth Advisors LLC Has $882,000 Holdings in Direxion Daily Technology Bear 3X Shares $TECS

EverSource Wealth Advisors LLC increased its holdings in shares of Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS) by 340.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 45,596 shares of the company’s stock after acquiring an additional 35,246 shares during the period. EverSource Wealth Advisors LLC’s holdings in Direxion Daily Technology Bear 3X Shares were worth $882,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. StoneX Group Inc. acquired a new stake in Direxion Daily Technology Bear 3X Shares in the 2nd quarter valued at $393,000. SBI Securities Co. Ltd. boosted its stake in shares of Direxion Daily Technology Bear 3X Shares by 211.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 11,037 shares of the company’s stock worth $213,000 after buying an additional 7,493 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new position in shares of Direxion Daily Technology Bear 3X Shares in the 2nd quarter valued at about $274,000.

Direxion Daily Technology Bear 3X Shares Stock Up 4.2%

NYSEARCA:TECS opened at $17.93 on Friday. Direxion Daily Technology Bear 3X Shares has a 52-week low of $14.94 and a 52-week high of $101.82. The stock’s 50-day simple moving average is $17.31 and its 200 day simple moving average is $18.86.

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.