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

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped down before the market opened on Thursday . The stock had previously closed at $51.48, but opened at $47.20. Direxion Daily FTSE China Bull 3X Shares shares last traded at $48.09, with a volume of 2,518,885 shares.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 10.86 and a beta of 1.10. The company’s fifty day simple moving average is $37.78 and its two-hundred day simple moving average is $33.01.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC lifted its holdings in Direxion Daily FTSE China Bull 3X Shares by 6.1% in the third quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock worth $902,000 after acquiring an additional 1,400 shares during the last quarter. IMC Chicago LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth approximately $15,845,000. Signature Resources Capital Management LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth approximately $65,000. SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth approximately $459,000. Finally, Viewpoint Capital Management LLC raised its position in shares of Direxion Daily FTSE China Bull 3X Shares by 50.8% during the 4th quarter. Viewpoint Capital Management LLC now owns 20,780 shares of the exchange traded fund’s stock worth $581,000 after purchasing an additional 7,000 shares during the period.

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.