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

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) shares saw an uptick in trading volume on Friday . 1,583,280 shares traded hands 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 Trading Down 7.5 %

The firm has a fifty day moving average of $65.96 and a 200 day moving average of $1,271.78.

Hedge Funds Weigh In On Direxion Daily FTSE China Bear 3X Shares

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in shares of Direxion Daily FTSE China Bear 3X Shares during the 3rd quarter valued at about $3,767,000. TB Alternative Assets Ltd. bought a new position in Direxion Daily FTSE China Bear 3X Shares during the 3rd quarter worth $866,000. Dynamic Technology Lab Private Ltd acquired a new stake in Direxion Daily FTSE China Bear 3X Shares in the third quarter worth $206,000. Virtu Financial LLC bought a new stake in Direxion Daily FTSE China Bear 3X Shares in the fourth quarter valued at $2,325,000. Finally, Headlands Technologies LLC bought a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the fourth quarter worth about $218,000.

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.