Direxion Daily FTSE China Bear 3X Shares Sees Unusually High Options Volume (NYSEARCA:YANG)

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) was the recipient of unusually large options trading activity on Tuesday. Investors bought 17,244 call options on the stock. This represents an increase of approximately 101% compared to the average volume of 8,562 call options.

Direxion Daily FTSE China Bear 3X Shares Trading Down 4.9 %

Shares of YANG opened at $3.71 on Thursday. Direxion Daily FTSE China Bear 3X Shares has a one year low of $2.39 and a one year high of $19.16. The company’s fifty day moving average price is $6.88 and its 200 day moving average price is $8.15.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of YANG. Headlands Technologies LLC bought a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the 2nd quarter worth about $171,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the 1st quarter worth about $431,000. Virtu Financial LLC increased its holdings in shares of Direxion Daily FTSE China Bear 3X Shares by 18.2% during the 2nd quarter. Virtu Financial LLC now owns 335,876 shares of the company’s stock worth $2,932,000 after purchasing an additional 51,711 shares during the period. Squarepoint Ops LLC increased its holdings in shares of 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 worth $1,682,000 after purchasing an additional 75,476 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of Direxion Daily FTSE China Bear 3X Shares by 61.8% during 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 during the period.

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.