Direxion Daily FTSE China Bear 3X Shares Sees Unusually High Options Volume (NYSEARCA:YANG)

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) was the target of some unusual options trading activity on Tuesday. Traders bought 17,244 call options on the company. This represents an increase of approximately 101% compared to the average volume of 8,562 call options.

Direxion Daily FTSE China Bear 3X Shares Stock Performance

Direxion Daily FTSE China Bear 3X Shares stock opened at $3.71 on Thursday. Direxion Daily FTSE China Bear 3X Shares has a 1 year low of $2.39 and a 1 year high of $19.16. The firm’s 50 day moving average price is $6.88 and its two-hundred day moving average price is $8.15.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in YANG. Headlands Technologies LLC acquired a new position in Direxion Daily FTSE China Bear 3X Shares in the 2nd quarter worth approximately $171,000. B. Riley Wealth Advisors Inc. acquired a new position in Direxion Daily FTSE China Bear 3X Shares in the 1st quarter worth approximately $431,000. Squarepoint Ops LLC boosted its stake in Direxion Daily FTSE China Bear 3X Shares by 64.4% in the 2nd quarter. Squarepoint Ops LLC now owns 192,614 shares of the company’s stock worth $1,682,000 after purchasing an additional 75,476 shares during the period. Virtu Financial LLC boosted its stake in Direxion Daily FTSE China Bear 3X Shares by 18.2% in the 2nd quarter. Virtu Financial LLC now owns 335,876 shares of the company’s stock worth $2,932,000 after purchasing an additional 51,711 shares during the period. Finally, Jane Street Group LLC boosted its stake in Direxion Daily FTSE China Bear 3X Shares by 61.8% in the 1st quarter. Jane Street Group LLC now owns 1,720,948 shares of the company’s stock worth $19,997,000 after purchasing an additional 657,492 shares during the period.

About Direxion Daily FTSE China Bear 3X Shares

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.