Direxion Daily FTSE China Bear 3X ETF (NYSEARCA:YANG – Get Free Report) shares rose 1% on Thursday. The stock traded as high as $31.60 and last traded at $31.35. Approximately 501,376 shares were traded during trading, a decline of 51% from the average session volume of 1,033,751 shares. The stock had previously closed at $31.03.
Direxion Daily FTSE China Bear 3X ETF Stock Up 1.0%
The business’s fifty day simple moving average is $29.15 and its 200-day simple moving average is $30.07.
Institutional Investors Weigh In On 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 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 Securities and Exchange Commission. The fund owned 54,400 shares of the company’s stock after buying an additional 35,100 shares during the period. Renaissance Technologies LLC owned approximately 1.34% of Direxion Daily FTSE China Bear 3X ETF worth $1,585,000 as of its most recent SEC filing.
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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