Investors Purchase Large Volume of Direxion Daily FTSE China Bear 3X Shares Call Options (NYSEARCA:YANG)

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) was the recipient of some unusual options trading on Monday. Investors bought 5,193 call options on the stock. This represents an increase of approximately 47% compared to the typical daily volume of 3,531 call options.

Direxion Daily FTSE China Bear 3X Shares Trading Up 0.2 %

YANG opened at $32.29 on Wednesday. The business’s 50-day moving average is $53.25 and its two-hundred day moving average is $712.45. Direxion Daily FTSE China Bear 3X Shares has a 1 year low of $31.50 and a 1 year high of $247.00.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Elequin Capital LP purchased a new stake in shares of Direxion Daily FTSE China Bear 3X Shares during the fourth quarter worth about $81,000. SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily FTSE China Bear 3X Shares during the fourth quarter worth about $145,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Direxion Daily FTSE China Bear 3X Shares during the third quarter worth about $206,000. Headlands Technologies LLC acquired a new stake in shares of Direxion Daily FTSE China Bear 3X Shares during the fourth quarter worth about $218,000. Finally, Geller Advisors LLC purchased a new stake in Direxion Daily FTSE China Bear 3X Shares in the 4th quarter worth approximately $444,000.

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.