Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Short Interest Update

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) was the recipient of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 1,431,495 shares, a drop of 20.6% from the January 29th total of 1,802,962 shares. Based on an average daily trading volume, of 1,271,137 shares, the days-to-cover ratio is presently 1.1 days. Currently, 21.3% of the shares of the stock are short sold. Currently, 21.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,271,137 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On Direxion Daily FTSE China Bear 3X Shares

A number of large investors have recently modified their holdings of YANG. 1248 Management LLC raised its holdings in shares of Direxion Daily FTSE China Bear 3X Shares by 200.0% during the 3rd quarter. 1248 Management LLC now owns 1,200 shares of the company’s stock worth $26,000 after buying an additional 800 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in Direxion Daily FTSE China Bear 3X Shares by 189.3% during the third quarter. SBI Securities Co. Ltd. now owns 3,581 shares of the company’s stock worth $77,000 after acquiring an additional 2,343 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Direxion Daily FTSE China Bear 3X Shares in the second quarter worth about $135,000. IMC Chicago LLC bought a new position in shares of Direxion Daily FTSE China Bear 3X Shares in the fourth quarter worth about $302,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the 4th quarter valued at approximately $485,000.

Direxion Daily FTSE China Bear 3X Shares Stock Up 0.9%

Shares of Direxion Daily FTSE China Bear 3X Shares stock opened at $26.60 on Monday. The company has a 50 day moving average of $23.39 and a 200-day moving average of $23.60. Direxion Daily FTSE China Bear 3X Shares has a 1-year low of $19.94 and a 1-year high of $68.40.

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.