Direxion Daily FTSE China Bull 3X Shares Stock to Reverse Split on Tuesday, May 31st (NYSEARCA:YINN)

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINNGet Rating) are scheduled to reverse split on Tuesday, May 31st. The 1-20 reverse split was announced on Tuesday, May 31st. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, May 31st.

Shares of NYSEARCA YINN opened at $3.77 on Friday. Direxion Daily FTSE China Bull 3X Shares has a twelve month low of $2.80 and a twelve month high of $20.07. The firm has a fifty day simple moving average of $4.12 and a 200 day simple moving average of $6.99.

A number of large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. acquired a new stake in Direxion Daily FTSE China Bull 3X Shares in the first quarter worth $93,000. UBS Group AG grew its holdings in Direxion Daily FTSE China Bull 3X Shares by 9,825.8% in the first quarter. UBS Group AG now owns 234,448 shares of the exchange traded fund’s stock worth $1,084,000 after purchasing an additional 232,086 shares during the period. AJ Wealth Strategies LLC acquired a new stake in Direxion Daily FTSE China Bull 3X Shares in the first quarter worth $192,000. PNC Financial Services Group Inc. acquired a new stake in Direxion Daily FTSE China Bull 3X Shares in the first quarter worth $29,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 123.0% during the first quarter. JPMorgan Chase & Co. now owns 200,690 shares of the exchange traded fund’s stock valued at $927,000 after buying an additional 110,682 shares during the last quarter.

Direxion Daily FTSE China Bull 3X Shares Company Profile (Get Rating)

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.

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