Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Down to $26.90

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares gapped down prior to trading on Tuesday . The stock had previously closed at $26.90, but opened at $26.00. Direxion Daily FTSE China Bull 3X Shares shares last traded at $26.04, with a volume of 765,776 shares.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The company’s 50-day moving average is $19.95 and its 200-day moving average is $20.41. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 4.13 and a beta of 2.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Viewpoint Capital Management LLC lifted its position in Direxion Daily FTSE China Bull 3X Shares by 218.0% during the first quarter. Viewpoint Capital Management LLC now owns 21,560 shares of the exchange traded fund’s stock valued at $424,000 after buying an additional 14,780 shares in the last quarter. Sanders Morris Harris LLC purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter valued at approximately $1,073,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at approximately $2,282,000. HCEP Management Ltd raised its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% during the fourth quarter. HCEP Management Ltd now owns 600,000 shares of the exchange traded fund’s stock valued at $12,564,000 after purchasing an additional 100,000 shares during the period. Finally, Himension Capital Singapore PTE. LTD. purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at approximately $3,383,000.

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.