Direxion Daily FTSE China Bear 3X Shares Target of Unusually Large Options Trading (NYSEARCA:YANG)

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 3,418 call options on the stock. This is an increase of approximately 36% compared to the typical daily volume of 2,520 call options.

Institutional Trading of Direxion Daily FTSE China Bear 3X Shares

Hedge funds and other institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in Direxion Daily FTSE China Bear 3X Shares during the 2nd quarter worth approximately $171,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Direxion Daily FTSE China Bear 3X Shares in the first quarter worth $431,000. Squarepoint Ops LLC raised its holdings in Direxion Daily FTSE China Bear 3X Shares by 64.4% during the 2nd quarter. Squarepoint Ops LLC now owns 192,614 shares of the company’s stock valued at $1,682,000 after buying an additional 75,476 shares during the last quarter. Virtu Financial LLC boosted its position in Direxion Daily FTSE China Bear 3X Shares by 18.2% during the 2nd quarter. Virtu Financial LLC now owns 335,876 shares of the company’s stock valued at $2,932,000 after buying an additional 51,711 shares during the period. Finally, Jane Street Group LLC grew its holdings in Direxion Daily FTSE China Bear 3X Shares by 61.8% in the 1st quarter. Jane Street Group LLC now owns 1,720,948 shares of the company’s stock worth $19,997,000 after acquiring an additional 657,492 shares during the last quarter.

Direxion Daily FTSE China Bear 3X Shares Price Performance

Shares of NYSEARCA:YANG opened at $4.12 on Friday. The company’s fifty day moving average price is $8.62 and its 200-day moving average price is $9.02. Direxion Daily FTSE China Bear 3X Shares has a one year low of $4.00 and a one year high of $19.16.

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.