ETF Flows Don’t Lie: Direxion Daily FTSE China Bear 3X ETF (YANG) Declines 0.69% for Nov 30

November 30, 2016 - By Marguerite Chambers   ·   0 Comments

Nov 30 is a negative day so far for Direxion Daily FTSE China Bear 3X ETF (NYSEARCA:YANG) as the ETF is active during the day after losing 0.69% to hit $14.37 per share. The exchange traded fund has 67.80M net assets and 3.19% volatility this month.

Over the course of the day 86,230 shares traded hands, as compared to an average volume of 537,640 over the last 30 days for Direxion Daily FTSE China Bear 3X ETF (NYSEARCA:YANG).

The ETF is -90.85% of its 52-Week High and 26.09% of its low, and is currently having ATR of 0.77. This year’s performance is -83.42% while this quarter’s performance is 11.09%.

The ETF’s YTD performance is -37.69%, the 1 year is -28.61% and the 3 year is -35.23%.

The fund’s top holdings are: Ishares China Largecap for 29.90% of assets, Goldman Finl Sq Trsry Ins for 13.29%, Fidelity Institutional Go for 10.59%.

More notable recent Direxion Daily China Bear 3x Shares ETF (NYSEARCA:YANG) news were published by: Etftrends.com which released: “New ETFs Take a Bold Approach to China A-Shares” on April 14, 2015, also Schaeffersresearch.com with their article: “How These ETFs Stack Up Amid China’s Market Meltdown” published on July 08, 2015, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on September 03, 2014. More interesting news about Direxion Daily China Bear 3x Shares ETF (NYSEARCA:YANG) were released by: Benzinga.com and their article: “The Bull Case For Bearish China ETFs” published on August 31, 2015 as well as Etftrends.com‘s news article titled: “Direxion Daily Gold Miners Bear 3X Shares” with publication date: April 18, 2016.

Direxion Daily China Bear 3x Shares 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 ETF has a market cap of $67.80 million. 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. It currently has negative earnings. Under normal circumstances, it focuses on creating short positions, by investing at least 80% of its net assets in the equity securities that comprise its underlying index and/or futures contracts; options on securities, indices and futures contracts; equity caps, collars and floors; forward contracts; repurchase agreements, and reverse repurchase agreements.

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By Marguerite Chambers


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