Direxion Daily FTSE China Bear 3X Shares (YANG) Trading Up 8.3%

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) were up 8.3% on Friday . The stock traded as high as $67.94 and last traded at $66.46. Approximately 510,522 shares were traded during mid-day trading, an increase of 122% from the average daily volume of 229,584 shares. The stock had previously closed at $61.38.

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in shares of Direxion Daily FTSE China Bear 3X Shares in the 2nd quarter worth $1,651,000. HRT Financial LLC bought a new position in shares of Direxion Daily FTSE China Bear 3X Shares in the 2nd quarter worth $677,000. Virtu Financial LLC raised its position in shares of Direxion Daily FTSE China Bear 3X Shares by 56.4% in the 2nd quarter. Virtu Financial LLC now owns 7,802 shares of the company’s stock worth $470,000 after acquiring an additional 2,814 shares in the last quarter. Finally, Simplex Trading LLC bought a new position in shares of Direxion Daily FTSE China Bear 3X Shares in the 3rd quarter worth $110,000.

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About Direxion Daily FTSE China Bear 3X Shares (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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