Direxion Daily FTSE China Bear 3X ETF
YANG
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Dec 3, 2009
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily FTSE China Bear 3X Shares (YANG) is an exchange-traded fund that provides leveraged inverse exposure to the FTSE China 50 Index, seeking daily investment results of 300% of the inverse (or opposite) performance of the index. The fund employs swap agreements and futures contracts to achieve its leveraged objectives, targeting sophisticated investors who actively manage portfolios and understand the risks of daily reset leverage, compounding effects, and potential losses exceeding the index's decline. It does not invest directly in the underlying securities of the FTSE China 50 Index, which comprises the 50 largest and most liquid Chinese companies listed on the Hong Kong Stock Exchange, measured primarily by market capitalization; instead, YANG offers a single core product focused on short-term tactical trading in the leveraged ETF segment of the financial markets. The fund operates globally through U.S.-listed shares traded on the NYSE Arca exchange, with its primary target market consisting of institutional and retail investors seeking to hedge or speculate on declines in large-cap Chinese equities. Launched in 2009 and domiciled in the United States under the management of Direxion Shares ETF Trust, a subsidiary of Rafferty Asset Management, LLC headquartered in Wilton, Connecticut, YANG remains part of Direxion's suite of over 40 leveraged and inverse ETFs without a specified parent company beyond the trust structure. Recent developments include ongoing index rebalancing tied to FTSE Russell's quarterly reviews of the FTSE China 50 Index, with no major acquisitions, funding rounds, or strategic shifts reported in the last 1-2 years; however, the fund has navigated heightened volatility from U.S.-China trade tensions and China's economic policy adjustments under President Donald Trump's reelected administration in 2024, influencing its performance amid broader leveraged ETF regulatory scrutiny by the SEC.