Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG – Get Free Report) were up 1.7% during mid-day trading on Thursday . The stock traded as high as $29.65 and last traded at $28.89. 795,079 shares were traded during trading, a decline of 24% from the average daily volume of 1,049,929 shares. The stock had previously closed at $28.40.
Direxion Daily FTSE China Bear 3X Shares Stock Performance
The firm’s 50-day simple moving average is $30.72 and its 200 day simple moving average is $29.60.
Institutional Trading of Direxion Daily FTSE China Bear 3X Shares
Institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC grew its position in Direxion Daily FTSE China Bear 3X Shares by 181.9% in the first quarter. Renaissance Technologies LLC now owns 54,400 shares of the company’s stock valued at $1,585,000 after acquiring an additional 35,100 shares during the last quarter. Group One Trading LLC grew its holdings in shares of Direxion Daily FTSE China Bear 3X Shares by 99.2% during the 2nd 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 last quarter. Jump Financial LLC acquired a new position in Direxion Daily FTSE China Bear 3X Shares during the 4th quarter worth approximately $612,000. Quadrature Capital Ltd bought a new position in Direxion Daily FTSE China Bear 3X Shares in the 4th quarter valued at approximately $513,000. Finally, JPMorgan Chase & Co. acquired a new stake in Direxion Daily FTSE China Bear 3X Shares in the second quarter valued at approximately $135,000.
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.
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