Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Stock Price Down 0.1% – Should You Sell?

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) shares fell 0.1% during trading on Thursday . The company traded as low as $30.46 and last traded at $31.16. Approximately 453,438 shares traded hands during trading, a decline of 60% from the average session volume of 1,133,568 shares. The stock had previously closed at $31.19.

Direxion Daily FTSE China Bear 3X Shares Stock Down 0.1%

The firm’s 50 day moving average is $32.91 and its two-hundred day moving average is $28.45.

Institutional Trading of Direxion Daily FTSE China Bear 3X Shares

Hedge funds have recently bought and sold shares of the company. Group One Trading LLC raised its holdings in Direxion Daily FTSE China Bear 3X Shares by 99.2% in the 2nd quarter. Group One Trading LLC now owns 286,742 shares of the company’s stock valued at $8,786,000 after acquiring an additional 142,827 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the fourth quarter valued at $513,000. Jump Financial LLC acquired a new position in Direxion Daily FTSE China Bear 3X Shares in the fourth quarter valued at $612,000. Renaissance Technologies LLC purchased a new position in Direxion Daily FTSE China Bear 3X Shares during the fourth quarter worth about $485,000. Finally, JPMorgan Chase & Co. acquired a new stake in Direxion Daily FTSE China Bear 3X Shares in the 2nd quarter worth about $135,000.

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.