Direxion Daily FTSE China Bull 3X ETF (NYSEARCA:YINN) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Direxion Daily FTSE China Bull 3X ETF (NYSEARCA:YINN) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.65 and traded as low as $26.48. Direxion Daily FTSE China Bull 3X ETF shares last traded at $26.57, with a volume of 884,806 shares changing hands.

Direxion Daily FTSE China Bull 3X ETF Stock Up 2.4%

The company has a market capitalization of $615.59 million, a P/E ratio of 8.49 and a beta of 1.01. The firm’s 50-day moving average price is $28.88 and its 200 day moving average price is $30.56.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Direxion Daily FTSE China Bull 3X ETF stock. IMC Chicago LLC purchased a new position in shares of Direxion Daily FTSE China Bull 3X ETF (NYSEARCA:YINN) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,065 shares of the exchange traded fund’s stock, valued at approximately $560,000. IMC Chicago LLC owned approximately 0.08% of Direxion Daily FTSE China Bull 3X ETF at the end of the most recent quarter.

About Direxion Daily FTSE China Bull 3X ETF

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.