Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Sees Strong Trading Volume – What’s Next?

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) saw unusually-strong trading volume on Friday . Approximately 1,583,280 shares were traded during mid-day trading, an increase of 11% from the previous session’s volume of 1,424,701 shares.The stock last traded at $45.19 and had previously closed at $48.18.

Direxion Daily FTSE China Bear 3X Shares Price Performance

The company has a 50-day moving average price of $66.59 and a two-hundred day moving average price of $1,314.17.

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

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new position in Direxion Daily FTSE China Bear 3X Shares during the 3rd quarter valued at about $3,767,000. TB Alternative Assets Ltd. purchased a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the 3rd quarter worth approximately $866,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the 3rd quarter worth approximately $206,000. Virtu Financial LLC purchased a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the 4th quarter worth approximately $2,325,000. Finally, Headlands Technologies LLC purchased a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the 4th quarter worth approximately $218,000.

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.