Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Down – What’s Next?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares gapped down before the market opened on Monday . The stock had previously closed at $35.13, but opened at $34.06. Direxion Daily FTSE China Bull 3X Shares shares last traded at $34.20, with a volume of 317,389 shares traded.

Direxion Daily FTSE China Bull 3X Shares Stock Down 3.4%

The company has a market capitalization of $746.56 million, a P/E ratio of 8.49 and a beta of 1.07. The business has a 50 day simple moving average of $35.35 and a 200-day simple moving average of $42.46.

Institutional Investors Weigh In On Direxion Daily FTSE China Bull 3X Shares

Several large investors have recently made changes to their positions in YINN. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at approximately $43,000. Bank of America Corp DE increased its position in Direxion Daily FTSE China Bull 3X Shares by 34.4% in 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 acquiring an additional 800 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at approximately $223,000. Parallel Advisors LLC raised its stake in Direxion Daily FTSE China Bull 3X Shares by 6.0% during the 3rd quarter. Parallel Advisors LLC now owns 5,300 shares of the exchange traded fund’s stock valued at $288,000 after acquiring an additional 300 shares in the last quarter. Finally, Corient Private Wealth LLC bought a new stake in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at $299,000.

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.