Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Down to $21.27

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $21.27, but opened at $20.80. Direxion Daily FTSE China Bull 3X Shares shares last traded at $20.55, with a volume of 316,833 shares traded.

Direxion Daily FTSE China Bull 3X Shares Stock Up 6.1 %

The stock has a market cap of $1.01 billion, a PE ratio of 4.13 and a beta of 2.93. The firm has a 50-day simple moving average of $22.57 and a 200-day simple moving average of $21.66.

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

Several institutional investors have recently made changes to their positions in the stock. Gateway Advisory LLC raised its position 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 buying an additional 3,000 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the second quarter valued at about $277,000. Quadrature Capital Ltd bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the first quarter worth about $281,000. Covestor Ltd bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the first quarter worth about $33,000. Finally, Chilton Capital Management LLC bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the first quarter worth about $56,000.

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.