Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Shares Gap Up – Should You Buy?

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) gapped up before the market opened on Monday . The stock had previously closed at $40.26, but opened at $41.73. Direxion Daily FTSE China Bear 3X Shares shares last traded at $43.92, with a volume of 2,369,027 shares.

Direxion Daily FTSE China Bear 3X Shares Trading Up 9.4 %

The firm’s fifty day moving average is $63.78 and its 200-day moving average is $1,119.94.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Elequin Capital LP purchased a new position in Direxion Daily FTSE China Bear 3X Shares in the fourth quarter valued at about $81,000. SBI Securities Co. Ltd. purchased a new position in Direxion Daily FTSE China Bear 3X Shares in the fourth quarter valued at about $145,000. Headlands Technologies LLC acquired a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the fourth quarter valued at approximately $218,000. Geller Advisors LLC acquired a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the fourth quarter valued at approximately $444,000. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the fourth quarter valued at approximately $2,325,000.

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.