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

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped down prior to trading on Monday . The stock had previously closed at $46.65, but opened at $43.75. Direxion Daily FTSE China Bull 3X Shares shares last traded at $42.97, with a volume of 2,226,768 shares trading hands.

Direxion Daily FTSE China Bull 3X Shares Stock Down 6.5 %

The firm has a market capitalization of $1.99 billion, a P/E ratio of 12.60 and a beta of 1.06. The firm has a 50 day moving average of $33.61 and a 200-day moving average of $31.41.

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

A number of large investors have recently bought and sold shares of the company. TB Alternative Assets Ltd. acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth approximately $19,162,000. IMC Chicago LLC bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at $15,845,000. Jump Financial LLC boosted its position in shares of Direxion Daily FTSE China Bull 3X Shares by 698.0% during the 4th quarter. Jump Financial LLC now owns 238,375 shares of the exchange traded fund’s stock worth $6,660,000 after purchasing an additional 208,503 shares in the last quarter. Shengqi Capital Hong Kong Ltd acquired a new stake in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at approximately $5,681,000. Finally, Barclays PLC raised its position in shares of Direxion Daily FTSE China Bull 3X Shares by 215.2% during the fourth quarter. Barclays PLC now owns 77,038 shares of the exchange traded fund’s stock worth $2,152,000 after purchasing an additional 52,600 shares during the period.

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.