Direxion Daily FTSE China Bear 3X ETF (NYSEARCA:YANG – Get Free Report)’s stock price was down 2.8% during trading on Thursday. The stock 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 session volume of 976,026 shares. The stock had previously closed at $30.11.
Direxion Daily FTSE China Bear 3X ETF Trading Down 2.8%
The stock has a 50-day moving average of $32.09 and a 200 day moving average of $29.57.
Institutional Trading of Direxion Daily FTSE China Bear 3X ETF
A hedge fund recently raised its position in Direxion Daily FTSE China Bear 3X ETF stock. Renaissance Technologies LLC lifted its holdings in Direxion Daily FTSE China Bear 3X ETF (NYSEARCA:YANG – Free Report) by 181.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,400 shares of the company’s stock after buying an additional 35,100 shares during the quarter. Renaissance Technologies LLC owned about 1.34% of Direxion Daily FTSE China Bear 3X ETF worth $1,585,000 at the end of the most recent quarter.
About Direxion Daily FTSE China Bear 3X ETF
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.
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