Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Sees Unusually-High Trading Volume – Here’s What Happened

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) shares saw an uptick in trading volume on Wednesday . 4,571,260 shares traded hands during mid-day trading, an increase of 187% from the previous session’s volume of 1,592,471 shares.The stock last traded at $60.92 and had previously closed at $65.61.

Direxion Daily FTSE China Bear 3X Shares Trading Down 10.7 %

The stock’s 50-day simple moving average is $44.62 and its 200 day simple moving average is $350.79.

Direxion Daily FTSE China Bear 3X Shares Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a dividend of $0.2551 per share. The ex-dividend date was Tuesday, March 25th.

Institutional Trading of Direxion Daily FTSE China Bear 3X Shares

Several hedge funds have recently modified their holdings of the stock. Elequin Capital LP acquired a new stake in Direxion Daily FTSE China Bear 3X Shares in the fourth quarter worth $81,000. SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the 4th quarter valued at about $145,000. Headlands Technologies LLC bought a new stake in Direxion Daily FTSE China Bear 3X Shares in the 4th quarter valued at about $218,000. Geller Advisors LLC acquired a new position in Direxion Daily FTSE China Bear 3X Shares during the 4th quarter worth approximately $444,000. Finally, Virtu Financial LLC bought a new position in Direxion Daily FTSE China Bear 3X Shares in the fourth quarter worth 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.