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) shares gapped down before the market opened on Monday . The stock had previously closed at $30.48, but opened at $29.31. Direxion Daily FTSE China Bull 3X Shares shares last traded at $29.37, with a volume of 195,811 shares changing hands.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The firm has a market capitalization of $700.69 million, a price-to-earnings ratio of 8.49 and a beta of 1.03. The stock’s fifty day moving average is $27.33 and its two-hundred day moving average is $32.15.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of YINN. Group One Trading LLC purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth approximately $1,266,000. IMC Chicago LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter worth approximately $560,000. Corient Private Wealth LLC bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth $299,000. Quadrature Capital Ltd acquired a new stake in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at $8,411,000. Finally, HRT Financial LP bought a new position in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at $692,000.

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.