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 Thursday . The stock had previously closed at $37.92, but opened at $35.77. Direxion Daily FTSE China Bull 3X Shares shares last traded at $36.67, with a volume of 3,423,169 shares trading hands.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 4.13 and a beta of 2.93. The business’s 50-day moving average is $29.44 and its two-hundred day moving average is $28.83.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

A number of hedge funds have recently modified their holdings of the company. Bank of Montreal Can acquired a new stake in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth approximately $40,000. Signature Resources Capital Management LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth approximately $65,000. Covestor Ltd bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter worth approximately $88,000. Raffles Associates LP bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth approximately $279,000. Finally, Virtu Financial LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth approximately $422,000.

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.