Direxion Daily FTSE China Bear 3X Shares Stock to Reverse Split on Monday, November 4th (NYSEARCA:YANG)

Shares of Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) are scheduled to reverse split before the market opens on Monday, November 4th. The 1-20 reverse split was announced on Friday, October 11th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 31st.

Direxion Daily FTSE China Bear 3X Shares Trading Up 3.4 %

NYSEARCA YANG opened at $3.64 on Thursday. The company has a 50 day moving average price of $5.84 and a two-hundred day moving average price of $7.62. Direxion Daily FTSE China Bear 3X Shares has a 12-month low of $2.39 and a 12-month high of $19.16.

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

Several institutional investors and hedge funds have recently made changes to their positions in YANG. Headlands Technologies LLC bought a new stake in Direxion Daily FTSE China Bear 3X Shares during the 2nd quarter worth about $171,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the 1st quarter valued at approximately $431,000. Squarepoint Ops LLC boosted its holdings in shares of Direxion Daily FTSE China Bear 3X Shares by 64.4% in the 2nd quarter. Squarepoint Ops LLC now owns 192,614 shares of the company’s stock valued at $1,682,000 after buying an additional 75,476 shares during the last quarter. TB Alternative Assets Ltd. acquired a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the 3rd quarter valued at approximately $866,000. Finally, Virtu Financial LLC boosted its position in Direxion Daily FTSE China Bear 3X Shares by 305.5% during the first quarter. Virtu Financial LLC now owns 284,165 shares of the company’s stock worth $3,302,000 after purchasing an additional 214,086 shares during the period.

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.