Direxion Daily FTSE China Bear 3X Shares Stock to Reverse Split on Monday, November 4th (NYSEARCA:YANG)

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) shares are going to reverse split on the morning of Monday, November 4th. The 1-20 reverse split was announced on Friday, October 11th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, October 31st.

Direxion Daily FTSE China Bear 3X Shares Stock Performance

NYSEARCA:YANG opened at $3.64 on Thursday. The stock’s 50-day moving average is $5.84 and its 200-day moving average is $7.62. Direxion Daily FTSE China Bear 3X Shares has a 1-year low of $2.39 and a 1-year high of $19.16.

Institutional Trading of Direxion Daily FTSE China Bear 3X Shares

Several hedge funds and other institutional investors have recently made changes to their positions in YANG. Jane Street Group LLC grew its holdings in shares of Direxion Daily FTSE China Bear 3X Shares by 61.8% during the first quarter. Jane Street Group LLC now owns 1,720,948 shares of the company’s stock worth $19,997,000 after purchasing an additional 657,492 shares during the last quarter. Virtu Financial LLC boosted its holdings in Direxion Daily FTSE China Bear 3X Shares by 305.5% in the first quarter. Virtu Financial LLC now owns 284,165 shares of the company’s stock valued at $3,302,000 after acquiring an additional 214,086 shares during the last quarter. TB Alternative Assets Ltd. bought a new stake in Direxion Daily FTSE China Bear 3X Shares in the third quarter valued at approximately $866,000. Squarepoint Ops LLC boosted its holdings in Direxion Daily FTSE China Bear 3X Shares by 64.4% in the second quarter. Squarepoint Ops LLC now owns 192,614 shares of the company’s stock valued at $1,682,000 after acquiring an additional 75,476 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Direxion Daily FTSE China Bear 3X Shares in the first quarter valued at approximately $431,000.

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.