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

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s share price gapped down before the market opened on Friday . The stock had previously closed at $27.83, but opened at $27.10. Direxion Daily FTSE China Bull 3X Shares shares last traded at $26.83, with a volume of 1,479,556 shares changing hands.

Direxion Daily FTSE China Bull 3X Shares Stock Down 1.1 %

The company has a market cap of $1.23 billion, a P/E ratio of 4.13 and a beta of 2.93. The business has a fifty day simple moving average of $34.23 and a two-hundred day simple moving average of $27.21.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC raised its holdings in 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 purchasing an additional 1,400 shares during the period. Covestor Ltd purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the third quarter worth about $88,000. Gateway Advisory LLC raised its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% in the second quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock worth $402,000 after buying an additional 3,000 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 2nd quarter valued at about $277,000. Finally, Quadrature Capital Ltd bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter valued at approximately $281,000.

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.