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

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $37.92, but opened at $35.77. Direxion Daily FTSE China Bull 3X Shares shares last traded at $36.67, with a volume of 3,423,169 shares changing hands.

Direxion Daily FTSE China Bull 3X Shares Trading Up 7.7 %

The company has a market cap of $1.83 billion, a P/E ratio of 4.13 and a beta of 2.93. The company’s 50-day moving average price is $29.44 and its two-hundred day moving average price is $28.83.

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

Large investors have recently made changes to their positions in the company. Barclays PLC grew its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 6.1% in the 3rd quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock worth $902,000 after purchasing an additional 1,400 shares during the last quarter. IMC Chicago LLC bought a new stake in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth about $15,845,000. Strategic Wealth Investment Group LLC bought a new stake in Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter worth about $860,000. Covestor Ltd bought a new stake in Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter worth about $88,000. Finally, Signature Resources Capital Management LLC bought a new stake in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth about $65,000.

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.