Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Stock Price Down 0.8% – Time to Sell?

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANGGet Free Report) were down 0.8% during mid-day trading on Wednesday . The company traded as low as $21.64 and last traded at $21.65. Approximately 1,943,371 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 2,466,137 shares. The stock had previously closed at $21.82.

Direxion Daily FTSE China Bear 3X Shares Price Performance

The stock’s 50-day moving average price is $24.82 and its 200-day moving average price is $32.62.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Group One Trading LLC raised its holdings in Direxion Daily FTSE China Bear 3X Shares by 99.2% during the second quarter. Group One Trading LLC now owns 286,742 shares of the company’s stock worth $8,786,000 after buying an additional 142,827 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Direxion Daily FTSE China Bear 3X Shares during the second quarter worth $135,000. Jump Financial LLC raised its holdings in Direxion Daily FTSE China Bear 3X Shares by 2,911.7% during the first quarter. Jump Financial LLC now owns 352,637 shares of the company’s stock worth $13,961,000 after buying an additional 340,928 shares during the last quarter. HighTower Advisors LLC acquired a new position in Direxion Daily FTSE China Bear 3X Shares during the first quarter worth $1,306,000. Finally, Virtu Financial LLC raised its holdings in Direxion Daily FTSE China Bear 3X Shares by 196.6% during the first quarter. Virtu Financial LLC now owns 98,513 shares of the company’s stock worth $3,900,000 after buying an additional 65,302 shares during the last quarter.

About Direxion Daily FTSE China Bear 3X Shares

(Get Free Report)

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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