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

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) shares gapped down before the market opened on Tuesday . The stock had previously closed at $44.58, but opened at $42.74. Direxion Daily FTSE China Bear 3X Shares shares last traded at $43.90, with a volume of 1,103,173 shares trading hands.

Direxion Daily FTSE China Bear 3X Shares Stock Performance

The firm has a fifty day moving average price of $64.85 and a two-hundred day moving average price of $1,194.50.

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

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the 3rd quarter worth $3,767,000. Dynamic Technology Lab Private Ltd purchased a new position in Direxion Daily FTSE China Bear 3X Shares during the third quarter valued at $206,000. Elequin Capital LP bought a new stake in Direxion Daily FTSE China Bear 3X Shares during the fourth quarter valued at about $81,000. Geller Advisors LLC bought a new stake in Direxion Daily FTSE China Bear 3X Shares during the fourth quarter valued at about $444,000. Finally, Headlands Technologies LLC purchased a new stake in Direxion Daily FTSE China Bear 3X Shares in the fourth quarter worth 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.