Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Shares Sold by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. trimmed its holdings in shares of Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) by 95.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,406 shares of the company’s stock after selling 197,720 shares during the period. TB Alternative Assets Ltd. owned approximately 0.06% of Direxion Daily FTSE China Bear 3X Shares worth $728,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. acquired a new stake in Direxion Daily FTSE China Bear 3X Shares in the third quarter worth approximately $3,767,000. Squarepoint Ops LLC lifted its holdings in shares of Direxion Daily FTSE China Bear 3X Shares by 64.4% in the second 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 period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Direxion Daily FTSE China Bear 3X Shares during the third quarter valued at about $206,000.

Direxion Daily FTSE China Bear 3X Shares Stock Down 5.5 %

NYSEARCA:YANG opened at $69.68 on Tuesday. Direxion Daily FTSE China Bear 3X Shares has a 52-week low of $47.80 and a 52-week high of $383.20. The business’s 50-day moving average price is $74.21 and its 200 day moving average price is $1,705.96.

Direxion Daily FTSE China Bear 3X Shares 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.