Stock Traders Buy High Volume of Direxion Daily FTSE China Bear 3X Shares Call Options (NYSEARCA:YANG)

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) was the target of unusually large options trading on Friday. Traders bought 7,028 call options on the company. This represents an increase of approximately 126% compared to the typical daily volume of 3,104 call options.

Institutional Trading of Direxion Daily FTSE China Bear 3X Shares

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 1248 Management LLC increased its position in Direxion Daily FTSE China Bear 3X Shares by 200.0% during the 3rd quarter. 1248 Management LLC now owns 1,200 shares of the company’s stock worth $26,000 after purchasing an additional 800 shares during the period. SBI Securities Co. Ltd. grew its stake in shares of Direxion Daily FTSE China Bear 3X Shares by 189.3% during the 3rd quarter. SBI Securities Co. Ltd. now owns 3,581 shares of the company’s stock worth $77,000 after purchasing an additional 2,343 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of Direxion Daily FTSE China Bear 3X Shares in the 2nd quarter valued at about $135,000. Finally, Group One Trading LLC increased its holdings in Direxion Daily FTSE China Bear 3X Shares by 0.3% in the third quarter. Group One Trading LLC now owns 287,537 shares of the company’s stock valued at $6,179,000 after buying an additional 795 shares in the last quarter.

Direxion Daily FTSE China Bear 3X Shares Trading Up 6.6%

NYSEARCA:YANG traded up $1.43 during mid-day trading on Friday, reaching $23.14. 1,206,007 shares of the stock were exchanged, compared to its average volume of 1,602,377. Direxion Daily FTSE China Bear 3X Shares has a 1 year low of $20.20 and a 1 year high of $72.65. The company has a 50 day simple moving average of $23.73 and a 200-day simple moving average of $24.87.

Direxion Daily FTSE China Bear 3X Shares Company Profile

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.