Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Stock Price Up 0.9% – Time to Buy?

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG)’s share price were up 0.9% on Friday . The stock traded as high as $26.81 and last traded at $26.60. Approximately 712,066 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 1,280,050 shares. The stock had previously closed at $26.37.

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

The business’s fifty day moving average is $23.39 and its 200 day moving average is $23.64.

Institutional Trading of Direxion Daily FTSE China Bear 3X Shares

Institutional investors have recently modified their holdings of the company. 1248 Management LLC lifted its stake in Direxion Daily FTSE China Bear 3X Shares by 200.0% in the 3rd quarter. 1248 Management LLC now owns 1,200 shares of the company’s stock valued at $26,000 after acquiring an additional 800 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Direxion Daily FTSE China Bear 3X Shares by 189.3% during the 3rd quarter. SBI Securities Co. Ltd. now owns 3,581 shares of the company’s stock worth $77,000 after acquiring an additional 2,343 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the second quarter valued at approximately $135,000. IMC Chicago LLC bought a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the fourth quarter worth $302,000. Finally, Renaissance Technologies LLC acquired a new position in Direxion Daily FTSE China Bear 3X Shares during the fourth quarter worth $485,000.

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.