Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Trading Up 0.9% – Here’s What Happened

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) shares rose 0.9% during mid-day trading on Friday . The company traded as high as $26.81 and last traded at $26.60. Approximately 712,066 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 1,280,050 shares. The stock had previously closed at $26.37.

Direxion Daily FTSE China Bear 3X Shares Stock Performance

The business has a fifty day moving average of $23.39 and a two-hundred day moving average of $23.64.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd acquired a new stake in shares of Direxion Daily FTSE China Bear 3X Shares during the 4th quarter worth about $513,000. Group One Trading LLC grew its stake in Direxion Daily FTSE China Bear 3X Shares by 0.3% in the 3rd 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 during the last quarter. SBI Securities Co. Ltd. raised its holdings in 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 valued at $77,000 after acquiring an additional 2,343 shares during the period. 1248 Management LLC raised its holdings in Direxion Daily FTSE China Bear 3X Shares by 200.0% in the 3rd quarter. 1248 Management LLC now owns 1,200 shares of the company’s stock valued at $26,000 after acquiring an additional 800 shares during the period. Finally, IMC Chicago LLC acquired a new stake in Direxion Daily FTSE China Bear 3X Shares during the fourth quarter worth 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.