Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Hits New 1-Year Low – Here’s What Happened

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) reached a new 52-week low during trading on Thursday . The company traded as low as $47.29 and last traded at $48.12, with a volume of 4795996 shares trading hands. The stock had previously closed at $52.13.

Direxion Daily FTSE China Bear 3X Shares Price Performance

The business has a 50-day moving average of $67.81 and a 200 day moving average of $1,332.00.

Institutional Trading of Direxion Daily FTSE China Bear 3X Shares

Institutional investors and hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Direxion Daily FTSE China Bear 3X Shares in the 4th quarter worth about $145,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Direxion Daily FTSE China Bear 3X Shares in the 3rd quarter worth approximately $206,000. Headlands Technologies LLC bought a new position in shares of Direxion Daily FTSE China Bear 3X Shares in the fourth quarter valued at approximately $218,000. TB Alternative Assets Ltd. purchased a new stake in shares of Direxion Daily FTSE China Bear 3X Shares during the third quarter valued at approximately $866,000. Finally, Virtu Financial LLC bought a new stake in Direxion Daily FTSE China Bear 3X Shares during the fourth quarter worth $2,325,000.

Direxion Daily FTSE China Bear 3X Shares Company Profile

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.