Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Shares Gap Up – What’s Next?

Shares of Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) gapped up before the market opened on Monday . The stock had previously closed at $40.26, but opened at $41.73. Direxion Daily FTSE China Bear 3X Shares shares last traded at $43.92, with a volume of 2,369,027 shares trading hands.

Direxion Daily FTSE China Bear 3X Shares Stock Down 9.1 %

The company has a fifty day simple moving average of $62.68 and a 200 day simple moving average of $1,068.47.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new position in Direxion Daily FTSE China Bear 3X Shares during the third quarter valued at approximately $3,767,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the 3rd quarter valued at $206,000. Virtu Financial LLC bought a new position in Direxion Daily FTSE China Bear 3X Shares in the 4th quarter worth $2,325,000. Geller Advisors LLC purchased a new stake in Direxion Daily FTSE China Bear 3X Shares in the 4th quarter worth $444,000. Finally, Headlands Technologies LLC bought a new stake in Direxion Daily FTSE China Bear 3X Shares during the fourth quarter valued at 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.