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) shares gapped down prior to trading on Friday . The stock had previously closed at $25.31, but opened at $24.09. Direxion Daily FTSE China Bull 3X Shares shares last traded at $23.46, with a volume of 3,539,913 shares.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The firm has a market capitalization of $1.04 billion, a P/E ratio of 4.13 and a beta of 2.93. The stock has a fifty day moving average price of $29.07 and a two-hundred day moving average price of $27.59.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Covestor Ltd bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the third quarter worth about $88,000. Gateway Advisory LLC boosted its stake in Direxion Daily FTSE China Bull 3X Shares by 20.0% during the 2nd quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock valued at $402,000 after purchasing an additional 3,000 shares during the period. Strategic Wealth Investment Group LLC bought a new position in Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter worth about $860,000. Barclays PLC increased its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 6.1% in the third quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock valued at $902,000 after purchasing an additional 1,400 shares during the period. Finally, Flow Traders U.S. LLC increased its position in Direxion Daily FTSE China Bull 3X Shares by 131.6% in the 3rd quarter. Flow Traders U.S. LLC now owns 49,987 shares of the exchange traded fund’s stock valued at $1,846,000 after acquiring an additional 28,404 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.