Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Trading Down 1.7% – Here’s Why

Shares of Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) traded down 1.7% during mid-day trading on Monday . The company traded as low as $29.94 and last traded at $30.95. 2,098,680 shares changed hands during trading, an increase of 51% from the average session volume of 1,385,479 shares. The stock had previously closed at $31.47.

Direxion Daily FTSE China Bear 3X Shares Stock Down 1.7%

The stock has a fifty day moving average price of $25.13 and a 200 day moving average price of $23.92.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the fourth quarter worth approximately $513,000. Jump Financial LLC bought a new stake in shares of Direxion Daily FTSE China Bear 3X Shares during the fourth quarter valued at approximately $612,000. Group One Trading LLC boosted its holdings in shares of Direxion Daily FTSE China Bear 3X Shares by 99.2% in the second quarter. Group One Trading LLC now owns 286,742 shares of the company’s stock valued at $8,786,000 after purchasing an additional 142,827 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the fourth quarter valued at approximately $485,000. Finally, IMC Chicago LLC bought a new position in Direxion Daily FTSE China Bear 3X Shares in the fourth quarter worth approximately $302,000.

About Direxion Daily FTSE China Bear 3X Shares

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.