Direxion Daily FTSE China Bear 3X Shares Target of Unusually High Options Trading (NYSEARCA:YANG)

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) was the target of unusually large options trading on Wednesday. Stock traders bought 3,418 call options on the stock. This is an increase of 36% compared to the typical daily volume of 2,520 call options.

Direxion Daily FTSE China Bear 3X Shares Stock Performance

Shares of NYSEARCA:YANG opened at $4.12 on Friday. The business has a fifty day moving average price of $8.62 and a 200-day moving average price of $9.02. Direxion Daily FTSE China Bear 3X Shares has a 1-year low of $4.00 and a 1-year high of $19.16.

Institutional Trading of Direxion Daily FTSE China Bear 3X Shares

Several institutional investors have recently bought and sold shares of the company. Jane Street Group LLC increased its holdings in shares of 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 in the last quarter. Virtu Financial LLC raised its position in Direxion Daily FTSE China Bear 3X Shares by 305.5% in the 1st quarter. Virtu Financial LLC now owns 284,165 shares of the company’s stock worth $3,302,000 after buying an additional 214,086 shares during the last quarter. Squarepoint Ops LLC lifted its stake in Direxion Daily FTSE China Bear 3X Shares by 64.4% during the 2nd quarter. Squarepoint Ops LLC now owns 192,614 shares of the company’s stock valued at $1,682,000 after acquiring an additional 75,476 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Direxion Daily FTSE China Bear 3X Shares during the 1st quarter valued at about $431,000. Finally, Headlands Technologies LLC bought a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the second quarter worth approximately $171,000.

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.