Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Short Interest Down 17.1% in April

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totaling 1,261,155 shares, a decline of 17.1% from the March 31st total of 1,521,324 shares. Based on an average daily trading volume, of 1,107,000 shares, the days-to-cover ratio is currently 1.1 days. Approximately 30.0% of the company’s stock are sold short.

Direxion Daily FTSE China Bear 3X Shares Stock Down 0.4%

Shares of YANG opened at $27.08 on Friday. Direxion Daily FTSE China Bear 3X Shares has a twelve month low of $19.94 and a twelve month high of $39.49. The firm’s 50 day moving average price is $28.21 and its two-hundred day moving average price is $25.05.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Group One Trading LLC lifted its stake 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. Jump Financial LLC bought a new position in Direxion Daily FTSE China Bear 3X Shares in the fourth quarter valued at approximately $612,000. Quadrature Capital Ltd bought a new position in Direxion Daily FTSE China Bear 3X Shares in the fourth quarter valued at approximately $513,000. Renaissance Technologies LLC bought a new position in 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 valued at approximately $302,000.

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.