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

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped down prior to trading on Thursday . The stock had previously closed at $51.48, but opened at $47.20. Direxion Daily FTSE China Bull 3X Shares shares last traded at $48.09, with a volume of 2,518,885 shares trading hands.

Direxion Daily FTSE China Bull 3X Shares Trading Down 5.4 %

The stock’s 50 day moving average price is $37.78 and its 200 day moving average price is $33.01. The firm has a market cap of $1.68 billion, a PE ratio of 10.86 and a beta of 1.10.

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

Large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new stake in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at $40,000. Signature Resources Capital Management LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth $65,000. Raffles Associates LP acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth $279,000. Formidable Asset Management LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth $279,000. Finally, Cantor Fitzgerald L. P. acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth $284,000.

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.