Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Stock Price Down 0.8% – Here’s What Happened

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) shares traded down 0.8% on Monday . The company traded as low as $23.28 and last traded at $23.54. 777,039 shares were traded during trading, a decline of 69% from the average session volume of 2,508,813 shares. The stock had previously closed at $23.73.

Direxion Daily FTSE China Bear 3X Shares Stock Performance

The business’s 50 day simple moving average is $22.87 and its two-hundred day simple moving average is $26.85.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of YANG. Group One Trading LLC raised its stake in Direxion Daily FTSE China Bear 3X Shares by 0.3% during the 3rd quarter. Group One Trading LLC now owns 287,537 shares of the company’s stock worth $6,179,000 after acquiring an additional 795 shares during the period. 1248 Management LLC increased its stake in shares of 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 worth $26,000 after purchasing an additional 800 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Direxion Daily FTSE China Bear 3X Shares by 189.3% in the third quarter. SBI Securities Co. Ltd. now owns 3,581 shares of the company’s stock worth $77,000 after purchasing an additional 2,343 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Direxion Daily FTSE China Bear 3X Shares during the 2nd quarter valued at $135,000. Finally, HighTower Advisors LLC purchased a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the 1st quarter valued at $1,306,000.

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.