Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Stock Position Reduced by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. decreased its stake in Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) by 95.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,406 shares of the company’s stock after selling 197,720 shares during the quarter. TB Alternative Assets Ltd.’s holdings in Direxion Daily FTSE China Bear 3X Shares were worth $728,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd acquired a new position in Direxion Daily FTSE China Bear 3X Shares in the third quarter worth approximately $206,000. Squarepoint Ops LLC lifted its stake in shares of Direxion Daily FTSE China Bear 3X Shares by 64.4% in the 2nd quarter. Squarepoint Ops LLC now owns 192,614 shares of the company’s stock valued at $1,682,000 after purchasing an additional 75,476 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the 3rd quarter valued at $3,767,000.

Direxion Daily FTSE China Bear 3X Shares Stock Performance

NYSEARCA YANG opened at $69.68 on Tuesday. The stock’s 50-day moving average is $74.21 and its two-hundred day moving average is $1,705.96. Direxion Daily FTSE China Bear 3X Shares has a fifty-two week low of $47.80 and a fifty-two week high of $383.20.

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.