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

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $63.00, but opened at $54.70. Direxion Daily FTSE China Bear 3X Shares shares last traded at $61.68, with a volume of 4,236,496 shares traded.

Direxion Daily FTSE China Bear 3X Shares Stock Up 5.1 %

The stock has a 50 day moving average of $44.41 and a two-hundred day moving average of $373.74.

Direxion Daily FTSE China Bear 3X Shares Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a $0.2551 dividend. The ex-dividend date was Tuesday, March 25th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of YANG. JPMorgan Chase & Co. acquired a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the third quarter worth $3,767,000. Virtu Financial LLC bought a new stake in Direxion Daily FTSE China Bear 3X Shares in the 4th quarter valued at $2,325,000. Geller Advisors LLC acquired a new stake in Direxion Daily FTSE China Bear 3X Shares in the 4th quarter worth $444,000. Headlands Technologies LLC bought a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the 4th quarter worth about $218,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the fourth quarter valued at about $145,000.

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.