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

Posted by James Quigley on Apr 18th, 2025

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN – Get Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $30.66, but opened at $28.90. Direxion Daily FTSE China Bull 3X Shares shares last traded at $29.29, with a volume of 2,008,352 shares traded.

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

The stock’s 50 day moving average is $39.49 and its 200 day moving average is $34.22. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 9.13 and a beta of 0.88.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of Montreal Can acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at $40,000. Signature Resources Capital Management LLC acquired a new stake in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at $65,000. Raffles Associates LP acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at about $279,000. Formidable Asset Management LLC bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at approximately $279,000. Finally, Cantor Fitzgerald L. P. bought a new stake in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth approximately $284,000.

About Direxion Daily FTSE China Bull 3X Shares

(Get Free Report)

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.