Short Interest in Direxion Daily Technology Bear 3X ETF (NYSEARCA:TECS) Grows By 56.8%

Posted by Linda Flegge on Sep 17th, 2026

Direxion Daily Technology Bear 3X ETF (NYSEARCA:TECS – Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 204,353 shares, an increase of 56.8% from the August 15th total of 130,317 shares. Approximately 22.2% of the company’s shares are sold short. Based on an average daily volume of 338,893 shares, the short-interest ratio is currently 0.6 days.

Direxion Daily Technology Bear 3X ETF Stock Down 6.8%

Shares of TECS traded down $4.36 during mid-day trading on Thursday, reaching $59.34. The company had a trading volume of 390,693 shares, compared to its average volume of 536,347. Direxion Daily Technology Bear 3X ETF has a fifty-two week low of $56.64 and a fifty-two week high of $240.40. The firm has a fifty day simple moving average of $66.35 and a 200-day simple moving average of $102.59.

Institutional Investors Weigh In On Direxion Daily Technology Bear 3X ETF

A number of institutional investors have recently added to or reduced their stakes in TECS. Geneos Wealth Management Inc. acquired a new stake in Direxion Daily Technology Bear 3X ETF during the first quarter worth about $57,000. IMC Chicago LLC purchased a new stake in shares of Direxion Daily Technology Bear 3X ETF during the 1st quarter worth about $834,000. Finally, Virtu Financial LLC acquired a new stake in Direxion Daily Technology Bear 3X ETF during the 4th quarter worth approximately $958,000.

About Direxion Daily Technology Bear 3X ETF

(Get Free Report)

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.