Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Sees Large Volume Increase – Still a Buy?

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) saw strong trading volume on Friday . 1,583,280 shares were traded during mid-day trading, an increase of 11% from the previous session’s volume of 1,424,701 shares.The stock last traded at $45.19 and had previously closed at $48.18.

Direxion Daily FTSE China Bear 3X Shares Price Performance

The business’s 50 day moving average is $65.96 and its 200 day moving average is $1,271.78.

Institutional Trading of Direxion Daily FTSE China Bear 3X Shares

Hedge funds and other institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. purchased a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the 4th quarter valued at $145,000. Dynamic Technology Lab Private Ltd acquired a new stake in Direxion Daily FTSE China Bear 3X Shares during the third quarter valued at $206,000. Headlands Technologies LLC purchased a new position in Direxion Daily FTSE China Bear 3X Shares in the fourth quarter valued at about $218,000. TB Alternative Assets Ltd. purchased a new stake in shares of Direxion Daily FTSE China Bear 3X Shares during the 3rd quarter worth about $866,000. Finally, Virtu Financial LLC bought a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the 4th quarter valued at approximately $2,325,000.

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.