Simplex Trading LLC Trims Position in Direxion Daily FTSE China Bear 3X Shares $YANG

Simplex Trading LLC reduced its holdings in Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) by 97.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,780 shares of the company’s stock after selling 1,690,159 shares during the quarter. Simplex Trading LLC’s holdings in Direxion Daily FTSE China Bear 3X Shares were worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. raised its stake in shares of Direxion Daily FTSE China Bear 3X Shares by 11.9% in the 1st quarter. SBI Securities Co. Ltd. now owns 2,323 shares of the company’s stock valued at $92,000 after acquiring an additional 247 shares during the period. Virtu Financial LLC boosted its position in Direxion Daily FTSE China Bear 3X Shares by 196.6% during the 1st quarter. Virtu Financial LLC now owns 98,513 shares of the company’s stock worth $3,900,000 after purchasing an additional 65,302 shares during the period. HighTower Advisors LLC purchased a new stake in Direxion Daily FTSE China Bear 3X Shares during the 1st quarter worth $1,306,000. Finally, Jump Financial LLC increased its holdings in Direxion Daily FTSE China Bear 3X Shares by 2,911.7% in the 1st quarter. Jump Financial LLC now owns 352,637 shares of the company’s stock valued at $13,961,000 after purchasing an additional 340,928 shares in the last quarter.

Direxion Daily FTSE China Bear 3X Shares Price Performance

NYSEARCA:YANG opened at $23.04 on Friday. The business’s 50-day moving average is $22.89 and its two-hundred day moving average is $28.85. Direxion Daily FTSE China Bear 3X Shares has a 12 month low of $20.20 and a 12 month high of $87.03.

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.