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 share price gapped down prior to trading on Thursday . The stock had previously closed at $29.54, but opened at $28.57. Direxion Daily FTSE China Bull 3X Shares shares last traded at $28.6570, with a volume of 307,402 shares trading hands.

Direxion Daily FTSE China Bull 3X Shares Trading Up 4.5%

The company has a 50 day moving average of $28.15 and a 200-day moving average of $31.44. The firm has a market capitalization of $716.76 million, a P/E ratio of 8.49 and a beta of 1.01.

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

Institutional investors have recently modified their holdings of the business. Group One Trading LLC acquired a new stake in Direxion Daily FTSE China Bull 3X Shares in the 1st quarter worth about $1,266,000. Quadrature Capital Ltd acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth approximately $8,411,000. Jump Financial LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter worth approximately $4,255,000. JPMorgan Chase & Co. bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the second quarter worth approximately $4,128,000. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the third quarter valued at approximately $2,935,000.

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.