On Wednesday, shares of the Direxion Daily FTSE China Bear 3X Shares ETF (YANG) fell below their 200-day moving average of $26.98, trading as low as $26.16 per share, representing a decline of approximately 6% for the day. The ETF’s 52-week range is between $19.94 and $42.22, with the most recent trade at $26.66.
This movement underscores a significant shift in investor sentiment regarding the China market, as reflected by the performance of this leveraged ETF.
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