Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Stock Price Down 1.7% – Should You Sell?

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG)’s share price 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 traded hands during mid-day 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 Performance

The firm’s 50 day moving average is $25.13 and its 200 day moving average is $23.92.

Hedge Funds Weigh In On Direxion Daily FTSE China Bear 3X Shares

A number of large investors have recently made changes to their positions in YANG. 1248 Management LLC lifted its holdings in shares of 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 valued at $26,000 after purchasing an additional 800 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Direxion Daily FTSE China Bear 3X Shares by 189.3% in 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 in the last quarter. JPMorgan Chase & Co. purchased a new position in Direxion Daily FTSE China Bear 3X Shares during the 2nd quarter worth $135,000. IMC Chicago LLC purchased a new position in Direxion Daily FTSE China Bear 3X Shares during the 4th quarter worth $302,000. Finally, Renaissance Technologies LLC acquired a new position in Direxion Daily FTSE China Bear 3X Shares during the 4th quarter valued at about $485,000.

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.