Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG – Get Free Report) dropped 6.8% during trading on Wednesday . The company traded as low as $48.83 and last traded at $48.58. Approximately 1,517,581 shares traded hands during mid-day trading, an increase of 24% from the average daily volume of 1,223,687 shares. The stock had previously closed at $52.13.
Direxion Daily FTSE China Bear 3X Shares Trading Down 7.9 %
The firm’s fifty day moving average is $67.81 and its two-hundred day moving average is $1,332.00.
Hedge Funds Weigh In On Direxion Daily FTSE China Bear 3X Shares
Hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in Direxion Daily FTSE China Bear 3X Shares during the fourth quarter valued at approximately $145,000. Virtu Financial LLC purchased a new position in Direxion Daily FTSE China Bear 3X Shares in the 4th quarter worth approximately $2,325,000. Dynamic Technology Lab Private Ltd bought a new stake in Direxion Daily FTSE China Bear 3X Shares during the 3rd quarter valued at $206,000. TB Alternative Assets Ltd. purchased a new stake in shares of Direxion Daily FTSE China Bear 3X Shares during the third quarter worth about $866,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the 3rd quarter worth approximately $3,767,000.
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.
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