IMC Chicago LLC Has $923,000 Stock Position in Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG)

IMC Chicago LLC reduced its position in Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) by 95.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 13,182 shares of the company’s stock after selling 304,099 shares during the period. IMC Chicago LLC’s holdings in Direxion Daily FTSE China Bear 3X Shares were worth $923,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in YANG. 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. TB Alternative Assets Ltd. acquired a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the 3rd quarter valued at $866,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Direxion Daily FTSE China Bear 3X Shares in the 3rd quarter valued at $206,000.

Direxion Daily FTSE China Bear 3X Shares Price Performance

NYSEARCA YANG opened at $50.70 on Tuesday. Direxion Daily FTSE China Bear 3X Shares has a 52 week low of $47.80 and a 52 week high of $307.60. The stock has a fifty day moving average of $68.88 and a 200-day moving average of $1,383.25.

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.