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

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG)’s stock is scheduled to reverse split on 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 Friday, November 1st.

Direxion Daily FTSE China Bear 3X Shares Trading Down 1.4 %

NYSEARCA YANG opened at $3.64 on Friday. The company’s fifty day moving average price is $111.68 and its two-hundred day moving average price is $150.32. Direxion Daily FTSE China Bear 3X Shares has a 12 month low of $2.39 and a 12 month high of $19.16.

Institutional Trading of Direxion Daily FTSE China Bear 3X Shares

Several hedge funds have recently bought and sold shares of YANG. Headlands Technologies LLC acquired a new stake in Direxion Daily FTSE China Bear 3X Shares in the 2nd quarter valued at approximately $171,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Direxion Daily FTSE China Bear 3X Shares in the first quarter worth $431,000. TB Alternative Assets Ltd. acquired a new position in shares of Direxion Daily FTSE China Bear 3X Shares during the third quarter valued at $866,000. Squarepoint Ops LLC raised its stake in shares of Direxion Daily FTSE China Bear 3X Shares by 64.4% during the second 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 in the last quarter. Finally, Virtu Financial LLC lifted its holdings in Direxion Daily FTSE China Bear 3X Shares by 18.2% in the second 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.

Direxion Daily FTSE China Bear 3X Shares Company Profile

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.