Direxion Daily FTSE China Bear 3X ETF (NYSEARCA:YANG) Shares Down 2.8% – Time to Sell?

by · The Markets Daily

Direxion Daily FTSE China Bear 3X ETF (NYSEARCA:YANG – Get Free Report) shares traded down 2.8% during trading on Thursday. The company traded as low as $28.42 and last traded at $29.27. Approximately 1,569,250 shares changed hands during mid-day trading, an increase of 61% from the average daily volume of 976,026 shares. The stock had previously closed at $30.11.

Direxion Daily FTSE China Bear 3X ETF Price Performance

The firm’s 50 day moving average price is $32.09 and its 200-day moving average price is $29.57.

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

An institutional investor recently raised its stake in Direxion Daily FTSE China Bear 3X ETF stock. Renaissance Technologies LLC boosted its position in shares of Direxion Daily FTSE China Bear 3X ETF (NYSEARCA:YANG – Free Report) by 181.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,400 shares of the company’s stock after purchasing an additional 35,100 shares during the quarter. Renaissance Technologies LLC owned 1.34% of Direxion Daily FTSE China Bear 3X ETF worth $1,585,000 as of its most recent SEC filing.

Direxion Daily FTSE China Bear 3X ETF Company Profile

(Get Free Report)

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.

Recommended Stories