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) gapped down before the market opened on Friday . The stock had previously closed at $34.13, but opened at $32.64. Direxion Daily FTSE China Bull 3X Shares shares last traded at $32.00, with a volume of 1,491,063 shares changing hands.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The company has a market cap of $661.95 million, a P/E ratio of 8.49 and a beta of 0.93. The firm’s 50-day moving average is $41.68 and its two-hundred day moving average is $45.94.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new stake in Direxion Daily FTSE China Bull 3X Shares during the second quarter worth approximately $4,128,000. XTX Topco Ltd purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the 2nd quarter worth approximately $226,000. Flow Traders U.S. LLC increased its position in shares of Direxion Daily FTSE China Bull 3X Shares by 76.1% during the 2nd quarter. Flow Traders U.S. LLC now owns 20,197 shares of the exchange traded fund’s stock valued at $828,000 after purchasing an additional 8,725 shares during the last quarter. Bank of America Corp DE increased its position in shares of Direxion Daily FTSE China Bull 3X Shares by 34.4% during the 2nd quarter. Bank of America Corp DE now owns 3,128 shares of the exchange traded fund’s stock valued at $128,000 after purchasing an additional 800 shares during the last quarter. Finally, Ping Capital Management Inc. raised its holdings in Direxion Daily FTSE China Bull 3X Shares by 1.8% during the 3rd quarter. Ping Capital Management Inc. now owns 58,000 shares of the exchange traded fund’s stock valued at $3,149,000 after buying an additional 1,000 shares during the period.

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.