Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Down – What’s Next?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped down before the market opened on Tuesday . The stock had previously closed at $31.90, but opened at $29.09. Direxion Daily FTSE China Bull 3X Shares shares last traded at $29.17, with a volume of 4,488,586 shares traded.

Direxion Daily FTSE China Bull 3X Shares Stock Down 0.7 %

The company has a market cap of $1.26 billion, a P/E ratio of 4.13 and a beta of 2.93. The business has a 50-day moving average price of $32.69 and a two-hundred day moving average price of $27.06.

Institutional Investors Weigh In On Direxion Daily FTSE China Bull 3X Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YINN. Strategic Wealth Investment Group LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at $860,000. Quadrature Capital Ltd acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the first quarter valued at about $281,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the second quarter worth about $277,000. Gateway Advisory LLC increased its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% in the second quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock worth $402,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Covestor Ltd acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the third quarter worth about $88,000.

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.