Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Shares Gap Up – Here’s Why

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) gapped up before the market opened on Tuesday . The stock had previously closed at $50.70, but opened at $52.23. Direxion Daily FTSE China Bear 3X Shares shares last traded at $51.90, with a volume of 529,627 shares traded.

Direxion Daily FTSE China Bear 3X Shares Stock Performance

The stock’s 50-day moving average is $67.81 and its 200 day moving average is $1,332.00.

Institutional Trading of Direxion Daily FTSE China Bear 3X Shares

Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. purchased a new position in Direxion Daily FTSE China Bear 3X Shares in the 3rd quarter worth $3,767,000. TB Alternative Assets Ltd. acquired a new position in shares of Direxion Daily FTSE China Bear 3X Shares in the third quarter valued at about $866,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Direxion Daily FTSE China Bear 3X Shares during the third quarter worth about $206,000. Virtu Financial LLC purchased a new stake in Direxion Daily FTSE China Bear 3X Shares in the fourth quarter valued at approximately $2,325,000. Finally, Headlands Technologies LLC acquired a new position in Direxion Daily FTSE China Bear 3X Shares in the 4th quarter worth approximately $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.