Direxion Daily FTSE China Bear 3X Shares (YANG)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
32.32 USD
+1.02
(3.259%)
⇧
(Oct. 16, 2026, 12:08 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 5:33 a.m. EDT
This instrument is a classic 'value trap' disguised as a distressed opportunity. While the headline 3% yield looks attractive, it is a mirage generated by a stock that has lost 99% of its value over the last nine years. The business quality has collapsed, evidenced by three consecutive years of negative annual returns and a cumulative loss of nearly the entire investment principal. The recent price action shows a fragile recovery, bouncing off lows but failing to sustain momentum, which aligns with the heavy put positioning seen in the options chain. Speculators are clearly hedging against further downside, placing massive walls of protection at lower price levels. Buying this leveraged inverse ETF is akin to betting on a house of cards staying upright while the foundation crumbles; the market has correctly priced in a lack of sustainable growth, making any current rally a potential selling point rather than a buying signal. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.052044 |
| AutoETS | 0.052044 |
| AutoTheta | 0.052058 |
| MSTL | 0.052714 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 39% |
| H-stat | 1.27 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.404 |
| Excess Kurtosis | -0.98 |
As of Oct. 10, 2026, 5:33 a.m. EDT: Speculators are positioning for a continued decline, evidenced by massive out-of-the-money put open interest walls at strikes significantly below current prices (e.g., $13, $20, $29) and elevated implied volatility on deep OTM puts. Conversely, call activity is concentrated near the money or slightly out-of-the-money, with notable volume spikes at strikes implying a rebound to $35-$45, suggesting a tactical bet on mean reversion rather than a trend-following bullish stance.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.92% | 3.39% | 3.94% | 2.97% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-09-22 | 0.272 | 0.924855 |
| 2026-06-23 | 0.163 | 0.448789 |
| 2026-03-24 | 0.262 | 0.852033 |
| 2025-12-23 | 0.286 | 1.160243 |
| 2025-09-23 | 0.206 | 0.889465 |
| 2025-06-24 | 0.266 | 0.891720 |
| 2025-03-25 | 0.255 | 0.669467 |
| 2024-12-23 | 0.735 | 1.081996 |
| 2024-09-24 | 1.620 | 1.623246 |
| 2024-06-25 | 2.320 | 1.411192 |
| 2024-03-19 | 1.920 | 0.811496 |
| 2023-12-21 | 2.800 | 1.041667 |
| 2023-09-19 | 1.800 | 0.862895 |
| 2023-06-21 | 1.600 | 0.756859 |
| 2023-03-21 | 3.160 | 1.415771 |
| 2020-03-24 | 2.180 | 0.216959 |
| 2019-12-23 | 1.920 | 0.236395 |
| 2019-09-24 | 3.380 | 0.310833 |
| 2019-06-25 | 3.800 | 0.386887 |
| 2019-03-19 | 2.920 | 0.349199 |
| 2018-12-27 | 4.200 | 0.315647 |
| 2018-09-25 | 2.280 | 0.199266 |
| 2018-03-20 | 1.000 | 0.112613 |
| Attribute | Value |
|---|---|
| All Time High | 136,450.0 |
| All Time Low | 8.32 |
| Ask | 32.26 |
| Ask Size | 100 |
| Average Daily Volume10 Day | 605,960 |
| Average Daily Volume3 Month | 689,145 |
| Average Volume | 689,145 |
| Average Volume10Days | 605,960 |
| Beta3 Year | -0.36 |
| Bid | 32.25 |
| Bid Size | 1,800 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 32.4 |
| Day Low | 31.87 |
| Display Name | Daily FTSE China Bear 3X Shares |
| Dividend Yield | 3.07 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 30.26 |
| Fifty Day Average Change | 2.0599995 |
| Fifty Day Average Change Percent | 0.06807665 |
| Fifty Two Week Change Percent | 36.264694 |
| Fifty Two Week High | 42.22 |
| Fifty Two Week High Change | -9.900002 |
| Fifty Two Week High Change Percent | -0.23448606 |
| Fifty Two Week Low | 19.94 |
| Fifty Two Week Low Change | 12.379999 |
| Fifty Two Week Low Change Percent | 0.62086254 |
| Fifty Two Week Range | 19.94 - 42.22 |
| First Trade Date Milliseconds | 1,259,850,600,000 |
| Five Year Average Return | -0.35762483 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 1.0200005 |
| Fullday Change Percent | 3.2587874 |
| Fullday Price | 32.32 |
| Fund Family | Direxion Funds |
| Fund Inception Date | 1,259,798,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund, under normal circumstances, invests at least 80% of the fund’s net assets (plus borrowing for investment purposes) in financial instruments, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. The index consists of the 50 largest and most liquid public Chinese companies currently trading on the Hong Kong Stock Exchange ("SEHK"). The fund is non-diversified. |
| Long Name | Direxion Daily FTSE China Bear 3X Shares |
| Market | us_market |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_82488373 |
| Nav Price | 32.378 |
| Net Assets | 114,060,120.0 |
| Net Expense Ratio | 1.03 |
| Open | 32.08 |
| Phone | 866-476-7523 |
| Previous Close | 31.3 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 1.0200005 |
| Regular Market Change Percent | 3.2587874 |
| Regular Market Day High | 32.4 |
| Regular Market Day Low | 31.87 |
| Regular Market Day Range | 31.87 - 32.4 |
| Regular Market Open | 32.08 |
| Regular Market Previous Close | 31.3 |
| Regular Market Price | 32.32 |
| Regular Market Time | 1,792,166,937 |
| Regular Market Volume | 236,088 |
| Short Name | Direxion Daily FTSE China Bear |
| Source Interval | 15 |
| Symbol | YANG |
| Three Year Average Return | -0.449713 |
| Total Assets | 114,060,120 |
| Tradeable | 0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -20.72422 |
| Trailing Three Month Returns | -20.72422 |
| Triggerable | 1 |
| Two Hundred Day Average | 28.7222 |
| Two Hundred Day Average Change | 3.5977993 |
| Two Hundred Day Average Change Percent | 0.12526196 |
| Type Disp | ETF |
| Volume | 236,088 |
| Yield | 0.0307 |
| Ytd Return | 30.26928 |