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

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $32.87, but opened at $31.18. Direxion Daily FTSE China Bull 3X Shares shares last traded at $30.90, with a volume of 475,784 shares traded.

Direxion Daily FTSE China Bull 3X Shares Trading Down 0.5%

The company’s 50 day moving average price is $33.39 and its two-hundred day moving average price is $39.41. The firm has a market cap of $670.70 million, a PE ratio of 8.49 and a beta of 1.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of YINN. Parallel Advisors LLC lifted its stake in shares of 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 buying an additional 300 shares in the last quarter. Bank of America Corp DE lifted its stake 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 worth $128,000 after purchasing an additional 800 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 4th quarter worth about $43,000. Flow Traders U.S. LLC increased its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 5.7% in the 3rd quarter. Flow Traders U.S. LLC now owns 21,349 shares of the exchange traded fund’s stock worth $1,159,000 after buying an additional 1,152 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 58.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 9,022 shares of the exchange traded fund’s stock worth $384,000 after buying an additional 3,341 shares during 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.