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

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $44.58, but opened at $42.74. Direxion Daily FTSE China Bear 3X Shares shares last traded at $43.90, with a volume of 1,103,173 shares trading hands.

Direxion Daily FTSE China Bear 3X Shares Stock Performance

The firm has a 50 day moving average price of $65.71 and a 200 day moving average price of $1,229.22.

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

A number of institutional investors have recently added to or reduced their stakes in YANG. JPMorgan Chase & Co. acquired a new stake in Direxion Daily FTSE China Bear 3X Shares in the third quarter worth about $3,767,000. TB Alternative Assets Ltd. acquired a new stake in Direxion Daily FTSE China Bear 3X Shares in the third quarter worth about $866,000. Dynamic Technology Lab Private Ltd acquired a new stake in Direxion Daily FTSE China Bear 3X Shares in the third quarter worth about $206,000. Virtu Financial LLC acquired a new stake in Direxion Daily FTSE China Bear 3X Shares in the fourth quarter worth about $2,325,000. Finally, Geller Advisors LLC acquired a new stake in Direxion Daily FTSE China Bear 3X Shares in the fourth quarter worth about $444,000.

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.