Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Stock Price Up 0.8% – Here’s What Happened

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG)’s share price traded up 0.8% during mid-day trading on Thursday . The stock traded as high as $40.56 and last traded at $39.64. Approximately 729,556 shares changed hands during trading, a decline of 38% from the average daily volume of 1,183,373 shares. The stock had previously closed at $39.31.

Direxion Daily FTSE China Bear 3X Shares Stock Performance

The stock’s 50-day moving average is $31.11 and its 200-day moving average is $27.61.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. 1248 Management LLC boosted its holdings in shares of Direxion Daily FTSE China Bear 3X Shares by 200.0% during 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 in the last quarter. JPMorgan Chase & Co. acquired a new position in Direxion Daily FTSE China Bear 3X Shares in the 2nd quarter worth about $135,000. IMC Chicago LLC acquired a new position in Direxion Daily FTSE China Bear 3X Shares in the 4th quarter worth about $302,000. Renaissance Technologies LLC bought a new position in Direxion Daily FTSE China Bear 3X Shares in the fourth quarter valued at about $485,000. Finally, Quadrature Capital Ltd bought a new position in Direxion Daily FTSE China Bear 3X Shares in the fourth quarter valued at about $513,000.

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.