Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Sees Unusually-High Trading Volume – Here’s What Happened

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) shares saw strong trading volume on Thursday . 2,640,033 shares traded hands during trading, an increase of 66% from the previous session’s volume of 1,592,506 shares.The stock last traded at $41.65 and had previously closed at $44.67.

Direxion Daily FTSE China Bear 3X Shares Trading Down 4.2 %

The stock has a 50-day moving average price of $64.36 and a 200 day moving average price of $1,186.50.

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

A number of institutional investors have recently added to or reduced their stakes in YANG. Elequin Capital LP purchased a new stake in shares of Direxion Daily FTSE China Bear 3X Shares during the 4th quarter valued at $81,000. SBI Securities Co. Ltd. purchased a new stake in Direxion Daily FTSE China Bear 3X Shares during the 4th quarter worth $145,000. Dynamic Technology Lab Private Ltd purchased a new stake in Direxion Daily FTSE China Bear 3X Shares during the 3rd quarter worth $206,000. Headlands Technologies LLC purchased a new stake in Direxion Daily FTSE China Bear 3X Shares during the 4th quarter worth $218,000. Finally, Geller Advisors LLC purchased a new stake in Direxion Daily FTSE China Bear 3X Shares during the 4th quarter worth $444,000.

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.