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

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $32.30, but opened at $30.45. Direxion Daily FTSE China Bull 3X Shares shares last traded at $30.17, with a volume of 287,239 shares trading hands.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The business’s 50 day moving average is $27.30 and its 200 day moving average is $33.21. The stock has a market cap of $685.80 million, a price-to-earnings ratio of 8.49 and a beta of 1.03.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Several hedge funds and other institutional investors have recently modified their holdings of the business. Group One Trading LLC purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter valued at $1,266,000. Corient Private Wealth LLC purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter worth about $299,000. HRT Financial LP purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter worth about $692,000. XTX Topco Ltd boosted its position in Direxion Daily FTSE China Bull 3X Shares by 277.0% during the 3rd quarter. XTX Topco Ltd now owns 20,767 shares of the exchange traded fund’s stock worth $1,127,000 after acquiring an additional 15,259 shares during the period. Finally, Flow Traders U.S. LLC boosted its position in Direxion Daily FTSE China Bull 3X Shares by 5.7% during the 3rd quarter. Flow Traders U.S. LLC now owns 21,349 shares of the exchange traded fund’s stock worth $1,159,000 after acquiring an additional 1,152 shares during the period.

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.