Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Sees Strong Trading Volume – What’s Next?

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) saw an uptick in trading volume on Friday . 1,583,280 shares were traded during trading, an increase of 11% from the previous session’s volume of 1,424,701 shares.The stock last traded at $45.19 and had previously closed at $48.18.

Direxion Daily FTSE China Bear 3X Shares Trading Down 7.4 %

The business has a fifty day simple moving average of $66.59 and a two-hundred day simple moving average of $1,314.17.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC bought a new position in Direxion Daily FTSE China Bear 3X Shares in the 4th quarter valued at approximately $218,000. Virtu Financial LLC bought a new position in Direxion Daily FTSE China Bear 3X Shares in the 4th quarter valued at approximately $2,325,000. SBI Securities Co. Ltd. bought a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the 4th quarter valued at $145,000. JPMorgan Chase & Co. bought a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the 3rd quarter valued at $3,767,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the 3rd quarter valued at $206,000.

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.