Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Stock Price Down 1.3% – What’s Next?

by · The Markets Daily

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG – Get Free Report)’s stock price dropped 1.3% during mid-day trading on Thursday . The company traded as low as $31.16 and last traded at $31.21. Approximately 1,386,148 shares changed hands during trading, an increase of 12% from the average daily volume of 1,240,284 shares. The stock had previously closed at $31.63.

Direxion Daily FTSE China Bear 3X Shares Trading Down 1.3%

The business has a fifty day moving average price of $28.34 and a 200-day moving average price of $26.23.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Group One Trading LLC lifted its holdings in shares of Direxion Daily FTSE China Bear 3X Shares by 0.3% during the third quarter. Group One Trading LLC now owns 287,537 shares of the company’s stock valued at $6,179,000 after purchasing an additional 795 shares in the last quarter. 1248 Management LLC lifted its holdings in shares of Direxion Daily FTSE China Bear 3X Shares by 200.0% during the third quarter. 1248 Management LLC now owns 1,200 shares of the company’s stock valued at $26,000 after purchasing an additional 800 shares in the last quarter. IMC Chicago LLC bought a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the fourth quarter valued at $302,000. Jump Financial LLC bought a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the fourth quarter valued at $612,000. Finally, Quadrature Capital Ltd bought a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the fourth quarter valued at $513,000.

About Direxion Daily FTSE China Bear 3X Shares

(Get Free Report)

Direxion Daily China Bear 3x Shares (the Fund) seeks daily investment results of 300% of the inverse (or opposite) of the price performance of the BNY China Select ADR Index (the China Index). The China Index is a free float-adjusted capitalization-weighted index designed by the Bank of New York to track the performance of a basket of companies who have their primary equity listing on a stock exchange in China and which also have depositary receipts that trade on a United States exchange or on the National Association of Securities and Dealers Automated Quotation.

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