Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Down to $23.77

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 $23.77, but opened at $22.79. Direxion Daily FTSE China Bull 3X Shares shares last traded at $22.93, with a volume of 1,050,378 shares changing hands.

Direxion Daily FTSE China Bull 3X Shares Trading Up 2.0 %

The firm’s fifty day moving average is $19.52 and its 200 day moving average is $20.47. The stock has a market cap of $1.01 billion, a P/E ratio of 4.13 and a beta of 2.93.

Hedge Funds Weigh In On Direxion Daily FTSE China Bull 3X Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in YINN. WT Asset Management Ltd acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the third quarter worth $1,446,000. Barclays PLC grew its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 3,594.5% in the 3rd quarter. Barclays PLC now owns 20,098 shares of the exchange traded fund’s stock worth $581,000 after purchasing an additional 19,554 shares during the last quarter. Pathstone Family Office LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter worth about $567,000. SCEP Management Ltd bought a new position in Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter valued at about $14,460,000. Finally, TB Alternative Assets Ltd. boosted its position in Direxion Daily FTSE China Bull 3X Shares by 261.6% in the fourth quarter. TB Alternative Assets Ltd. now owns 499,800 shares of the exchange traded fund’s stock valued at $10,466,000 after buying an additional 361,600 shares in the last quarter.

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.