Formidable Asset Management LLC bought a new stake in shares of Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS – Get Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,800 shares of the company's stock, valued at approximately $226,000. Formidable Asset Management LLC owned 0.12% of Direxion Daily Technology Bear 3X Shares at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TECS. Integrated Wealth Concepts LLC bought a new stake in Direxion Daily Technology Bear 3X Shares during the 1st quarter valued at approximately $1,353,000. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily Technology Bear 3X Shares in the 1st quarter worth approximately $557,000. Virtu Financial LLC boosted its holdings in shares of Direxion Daily Technology Bear 3X Shares by 100.5% in the 1st quarter. Virtu Financial LLC now owns 23,767 shares of the company's stock worth $748,000 after purchasing an additional 11,914 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of Direxion Daily Technology Bear 3X Shares in the 1st quarter worth approximately $359,000. Finally, Jane Street Group LLC boosted its holdings in shares of Direxion Daily Technology Bear 3X Shares by 26.4% in the 2nd quarter. Jane Street Group LLC now owns 45,541 shares of the company's stock worth $2,276,000 after purchasing an additional 9,501 shares during the period.

Direxion Daily Technology Bear 3X Shares Trading Down 6.6 %

Shares of Direxion Daily Technology Bear 3X Shares stock opened at $33.51 on Tuesday. The stock has a 50 day moving average price of $42.23 and a 200-day moving average price of $41.74. Direxion Daily Technology Bear 3X Shares has a one year low of $26.58 and a one year high of $62.87.

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