Shares of Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) shot up 8.5% during mid-day trading on Friday . The stock traded as high as $46.24 and last traded at $46.14. 688,085 shares were traded during mid-day trading, an increase of 119% from the average session volume of 313,834 shares. The stock had previously closed at $42.51.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th will be issued a $0.1457 dividend. This represents a $0.58 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Tuesday, March 19th.
Several hedge funds and other institutional investors have recently made changes to their positions in YANG. U S Global Investors Inc. bought a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the 4th quarter worth approximately $357,000. XR Securities LLC bought a new stake in Direxion Daily FTSE China Bear 3X Shares during the 4th quarter valued at $1,286,000. Virtu Financial LLC raised its stake in Direxion Daily FTSE China Bear 3X Shares by 373.6% during the 3rd quarter. Virtu Financial LLC now owns 36,947 shares of the company’s stock valued at $2,106,000 after acquiring an additional 29,145 shares in the last quarter. Finally, HRT Financial LLC raised its stake in Direxion Daily FTSE China Bear 3X Shares by 393.4% during the 3rd quarter. HRT Financial LLC now owns 55,508 shares of the company’s stock valued at $3,164,000 after acquiring an additional 44,258 shares in the last quarter.
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Direxion Daily FTSE China Bear 3X Shares Company Profile (NYSEARCA:YANG)
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.
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