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

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) shares gapped up before the market opened on Monday . The stock had previously closed at $40.26, but opened at $41.73. Direxion Daily FTSE China Bear 3X Shares shares last traded at $43.92, with a volume of 2,369,027 shares changing hands.

Direxion Daily FTSE China Bear 3X Shares Stock Performance

The stock’s 50-day moving average price is $62.68 and its 200 day moving average price is $1,068.47.

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

A number of hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Direxion Daily FTSE China Bear 3X Shares in the third quarter valued at approximately $206,000. JPMorgan Chase & Co. purchased a new stake in shares of Direxion Daily FTSE China Bear 3X Shares during the 3rd quarter valued at $3,767,000. SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the 4th quarter worth $145,000. Virtu Financial LLC purchased a new position in Direxion Daily FTSE China Bear 3X Shares during the 4th quarter worth $2,325,000. Finally, Headlands Technologies LLC acquired a new position in Direxion Daily FTSE China Bear 3X Shares during the 4th quarter valued at about $218,000.

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.