Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Down to $23.19

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $23.19, but opened at $22.49. Direxion Daily FTSE China Bull 3X Shares shares last traded at $22.02, with a volume of 1,154,206 shares changing hands.

Direxion Daily FTSE China Bull 3X Shares Trading Down 6.7 %

The company has a market cap of $967.73 million, a price-to-earnings ratio of 4.13 and a beta of 2.93. The stock has a 50-day simple moving average of $22.51 and a 200-day simple moving average of $21.85.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd purchased a new position in Direxion Daily FTSE China Bull 3X Shares in the 1st quarter worth about $33,000. Chilton Capital Management LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the 1st quarter valued at approximately $56,000. Tower Research Capital LLC TRC lifted its position in Direxion Daily FTSE China Bull 3X Shares by 159.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,724 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 1,674 shares in the last quarter. Parallel Advisors LLC lifted its position in Direxion Daily FTSE China Bull 3X Shares by 34.8% in the 4th quarter. Parallel Advisors LLC now owns 6,250 shares of the exchange traded fund’s stock worth $131,000 after buying an additional 1,615 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 2nd quarter valued at $277,000.

About Direxion Daily FTSE China Bull 3X Shares

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.