Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Hits New 12-Month Low – What’s Next?

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) shares reached a new 52-week low on Thursday . The stock traded as low as $47.29 and last traded at $48.12, with a volume of 4795996 shares changing hands. The stock had previously closed at $52.13.

Direxion Daily FTSE China Bear 3X Shares Trading Down 7.7 %

The business’s fifty day moving average is $67.81 and its 200-day moving average is $1,332.00.

Institutional Investors Weigh In On Direxion Daily FTSE China Bear 3X Shares

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new stake in Direxion Daily FTSE China Bear 3X Shares in the 3rd quarter worth about $3,767,000. TB Alternative Assets Ltd. bought a new position in Direxion Daily FTSE China Bear 3X Shares during the third quarter worth about $866,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Direxion Daily FTSE China Bear 3X Shares in the third quarter worth about $206,000. Virtu Financial LLC purchased a new position in shares of Direxion Daily FTSE China Bear 3X Shares in the fourth quarter worth about $2,325,000. Finally, Headlands Technologies LLC bought a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the fourth quarter valued at approximately $218,000.

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.