Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Trading Down 4.4% – Here’s What Happened

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares fell 4.4% on Wednesday . The stock traded as low as $29.83 and last traded at $30.01. 2,911,267 shares traded hands during trading, a decline of 60% from the average session volume of 7,354,313 shares. The stock had previously closed at $31.38.

Direxion Daily FTSE China Bull 3X Shares Stock Up 0.1 %

The firm has a market capitalization of $1.36 billion, a P/E ratio of 4.13 and a beta of 2.93. The business’s 50 day moving average is $33.22 and its 200-day moving average is $27.16.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Large investors have recently bought and sold shares of the business. Covestor Ltd acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the third quarter worth approximately $88,000. Gateway Advisory LLC increased its stake in Direxion Daily FTSE China Bull 3X Shares by 20.0% in the 2nd quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock valued at $402,000 after buying an additional 3,000 shares during the last quarter. Strategic Wealth Investment Group LLC purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at about $860,000. Barclays PLC boosted its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 6.1% in the 3rd quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock worth $902,000 after buying an additional 1,400 shares during the last quarter. Finally, Flow Traders U.S. LLC increased its position in shares of Direxion Daily FTSE China Bull 3X Shares by 131.6% during the third 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 last quarter.

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.