Direxion Daily FTSE China Bear 3X Shares Stock Set to Reverse Split on Monday, November 4th (NYSEARCA:YANG)

Shares of Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) are set to reverse split on the morning of Monday, November 4th. The 1-20 reverse split was announced on Friday, October 11th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 31st.

Direxion Daily FTSE China Bear 3X Shares Trading Down 2.2 %

Direxion Daily FTSE China Bear 3X Shares stock opened at $3.53 on Wednesday. Direxion Daily FTSE China Bear 3X Shares has a 12-month low of $2.39 and a 12-month high of $19.16. The business’s 50-day moving average price is $6.45 and its two-hundred day moving average price is $7.92.

Institutional Trading of Direxion Daily FTSE China Bear 3X Shares

A number of hedge funds have recently made changes to their positions in the company. Jane Street Group LLC boosted its stake in shares of Direxion Daily FTSE China Bear 3X Shares by 61.8% during the first quarter. Jane Street Group LLC now owns 1,720,948 shares of the company’s stock valued at $19,997,000 after purchasing an additional 657,492 shares in the last quarter. Virtu Financial LLC boosted its stake in shares of Direxion Daily FTSE China Bear 3X Shares by 18.2% during the second quarter. Virtu Financial LLC now owns 335,876 shares of the company’s stock valued at $2,932,000 after purchasing an additional 51,711 shares in the last quarter. TB Alternative Assets Ltd. acquired a new stake in shares of Direxion Daily FTSE China Bear 3X Shares during the third quarter valued at about $866,000. Squarepoint Ops LLC lifted its stake in shares of Direxion Daily FTSE China Bear 3X Shares by 64.4% in the second quarter. Squarepoint Ops LLC now owns 192,614 shares of the company’s stock worth $1,682,000 after acquiring an additional 75,476 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Direxion Daily FTSE China Bear 3X Shares in the first quarter worth approximately $431,000.

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.