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

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANGGet Free Report) shares traded up 1.7% on Thursday . The company traded as high as $29.65 and last traded at $28.89. Approximately 795,079 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 1,049,929 shares. The stock had previously closed at $28.40.

Direxion Daily FTSE China Bear 3X Shares Stock Performance

The business has a 50 day simple moving average of $30.98 and a 200-day simple moving average of $29.61.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in Direxion Daily FTSE China Bear 3X Shares in the second quarter worth about $135,000. IMC Chicago LLC bought a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the 4th quarter valued at about $302,000. Renaissance Technologies LLC bought a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the 4th quarter valued at about $485,000. Quadrature Capital Ltd acquired a new position in shares of Direxion Daily FTSE China Bear 3X Shares in the 4th quarter worth approximately $513,000. Finally, Jump Financial LLC acquired a new stake in Direxion Daily FTSE China Bear 3X Shares during the fourth quarter valued at approximately $612,000.

Direxion Daily FTSE China Bear 3X Shares Company Profile

(Get Free Report)

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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