Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Short Interest Update

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 1,431,495 shares, a drop of 20.6% from the January 29th total of 1,802,962 shares. Based on an average daily trading volume, of 1,271,137 shares, the days-to-cover ratio is currently 1.1 days. Approximately 21.3% of the shares of the company are sold short. Approximately 21.3% of the shares of the company are sold short. Based on an average daily trading volume, of 1,271,137 shares, the days-to-cover ratio is currently 1.1 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quadrature Capital Ltd acquired a new stake in Direxion Daily FTSE China Bear 3X Shares during the fourth quarter worth approximately $513,000. Jump Financial LLC bought a new stake in shares of Direxion Daily FTSE China Bear 3X Shares during the 4th quarter valued at $612,000. Renaissance Technologies LLC acquired a new stake in shares of Direxion Daily FTSE China Bear 3X Shares during the 4th quarter worth $485,000. IMC Chicago LLC bought a new position in shares of Direxion Daily FTSE China Bear 3X Shares in the fourth quarter worth $302,000. Finally, 1248 Management LLC raised its stake in Direxion Daily FTSE China Bear 3X Shares by 200.0% in the third quarter. 1248 Management LLC now owns 1,200 shares of the company’s stock valued at $26,000 after purchasing an additional 800 shares in the last quarter.

Direxion Daily FTSE China Bear 3X Shares Stock Up 0.9%

NYSEARCA:YANG opened at $26.60 on Monday. Direxion Daily FTSE China Bear 3X Shares has a 52 week low of $19.94 and a 52 week high of $68.40. The firm’s 50-day simple moving average is $23.39 and its 200 day simple moving average is $23.60.

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.