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

Posted by Cheyenne Larson on Apr 8th, 2025

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $50.59, but opened at $60.53. Direxion Daily FTSE China Bear 3X Shares shares last traded at $63.93, with a volume of 8,576,355 shares.

Direxion Daily FTSE China Bear 3X Shares Stock Up 24.5 %

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

Direxion Daily FTSE China Bear 3X Shares Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a $0.2551 dividend. The ex-dividend date was Tuesday, March 25th.

Hedge Funds Weigh In On Direxion Daily FTSE China Bear 3X Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Elequin Capital LP purchased a new stake in shares of Direxion Daily FTSE China Bear 3X Shares during the 4th quarter valued at $81,000. Geller Advisors LLC purchased a new stake in Direxion Daily FTSE China Bear 3X Shares during the fourth quarter valued at about $444,000. Headlands Technologies LLC bought a new stake in Direxion Daily FTSE China Bear 3X Shares during the fourth quarter worth about $218,000. Virtu Financial LLC purchased a new position in shares of Direxion Daily FTSE China Bear 3X Shares in the 4th quarter worth about $2,325,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the 4th quarter valued at about $145,000.

Direxion Daily FTSE China Bear 3X Shares Company Profile

(Get Free Report)

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.