Investors Purchase Large Volume of Direxion Daily FTSE China Bear 3X Shares Call Options (NYSEARCA:YANG)

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) saw some unusual options trading activity on Friday. Investors purchased 7,028 call options on the company. This represents an increase of 126% compared to the typical daily volume of 3,104 call options.

Institutional Trading of Direxion Daily FTSE China Bear 3X Shares

A number of institutional investors have recently added to or reduced their stakes in YANG. 1248 Management LLC grew its position in shares of Direxion Daily FTSE China Bear 3X Shares by 200.0% in the third quarter. 1248 Management LLC now owns 1,200 shares of the company’s stock valued at $26,000 after purchasing an additional 800 shares during the period. SBI Securities Co. Ltd. grew its stake in Direxion Daily FTSE China Bear 3X Shares by 189.3% during the 3rd quarter. SBI Securities Co. Ltd. now owns 3,581 shares of the company’s stock valued at $77,000 after purchasing an additional 2,343 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the second quarter worth $135,000. Finally, Group One Trading LLC raised its stake in Direxion Daily FTSE China Bear 3X Shares by 0.3% during the third quarter. Group One Trading LLC now owns 287,537 shares of the company’s stock valued at $6,179,000 after buying an additional 795 shares in the last quarter.

Direxion Daily FTSE China Bear 3X Shares Trading Up 5.6%

YANG stock opened at $22.92 on Friday. The business’s fifty day simple moving average is $23.73 and its two-hundred day simple moving average is $24.78. Direxion Daily FTSE China Bear 3X Shares has a twelve month low of $20.20 and a twelve month high of $72.65.

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.