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

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $42.16, but opened at $40.05. Direxion Daily FTSE China Bull 3X Shares shares last traded at $41.0690, with a volume of 434,284 shares trading hands.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The company has a 50 day moving average of $44.78 and a two-hundred day moving average of $47.14. The stock has a market capitalization of $867.40 million, a PE ratio of 8.49 and a beta of 0.93.

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

Large investors have recently made changes to their positions in the stock. Corient Private Wealth LLC purchased a new position in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter worth $299,000. Quadrature Capital Ltd acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at about $8,411,000. HRT Financial LP purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth about $692,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at approximately $43,000. Finally, SBI Securities Co. Ltd. increased its holdings in Direxion Daily FTSE China Bull 3X Shares by 58.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 9,022 shares of the exchange traded fund’s stock worth $384,000 after buying an additional 3,341 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.