Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Down to $23.03

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped down before the market opened on Tuesday . The stock had previously closed at $23.03, but opened at $21.95. Direxion Daily FTSE China Bull 3X Shares shares last traded at $21.75, with a volume of 1,431,314 shares.

Direxion Daily FTSE China Bull 3X Shares Stock Down 3.4 %

The company’s 50-day moving average is $24.96 and its 200 day moving average is $21.26. The company has a market cap of $951.17 million, a price-to-earnings ratio of 4.13 and a beta of 2.93.

Hedge Funds Weigh In On Direxion Daily FTSE China Bull 3X Shares

A number of hedge funds have recently bought and sold shares of YINN. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 2nd quarter valued at approximately $277,000. Quadrature Capital Ltd purchased a new position in Direxion Daily FTSE China Bull 3X Shares during the first quarter valued at $281,000. Covestor Ltd acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the first quarter valued at about $33,000. Chilton Capital Management LLC purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter worth about $56,000. Finally, Viewpoint Capital Management LLC raised its position in shares of Direxion Daily FTSE China Bull 3X Shares by 218.0% during the 1st quarter. Viewpoint Capital Management LLC now owns 21,560 shares of the exchange traded fund’s stock worth $424,000 after purchasing an additional 14,780 shares during the last quarter.

Direxion Daily FTSE China Bull 3X Shares Company Profile

Direxion Daily China Bull 3x Shares ETF (the Fund) seeks daily investment results of 300% 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.