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

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) gapped down before the market opened on Monday . The stock had previously closed at $55.29, but opened at $51.64. Direxion Daily FTSE China Bear 3X Shares shares last traded at $51.82, with a volume of 806,288 shares.

Direxion Daily FTSE China Bear 3X Shares Price Performance

The business has a 50-day simple moving average of $68.32 and a 200-day simple moving average of $1,357.43.

Institutional Investors Weigh In On Direxion Daily FTSE China Bear 3X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of YANG. SBI Securities Co. Ltd. acquired a new stake in Direxion Daily FTSE China Bear 3X Shares during the fourth quarter worth approximately $145,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Direxion Daily FTSE China Bear 3X Shares in the 3rd quarter valued at $206,000. TB Alternative Assets Ltd. acquired a new stake in Direxion Daily FTSE China Bear 3X Shares during the 3rd quarter worth $866,000. Virtu Financial LLC purchased a new stake in Direxion Daily FTSE China Bear 3X Shares in the fourth quarter valued at $2,325,000. Finally, JPMorgan Chase & Co. acquired a new position in Direxion Daily FTSE China Bear 3X Shares in the third quarter valued at $3,767,000.

Direxion Daily FTSE China Bear 3X Shares Company Profile

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.