Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Hits New 1-Year Low – Should You Sell?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $27.45 and last traded at $27.82, with a volume of 385808 shares trading hands. The stock had previously closed at $28.60.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The firm has a fifty day moving average price of $32.96 and a two-hundred day moving average price of $38.49. The stock has a market capitalization of $617.26 million, a PE ratio of 8.49 and a beta of 1.00.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC lifted its position in shares of Direxion Daily FTSE China Bull 3X Shares by 6.0% during the third quarter. Parallel Advisors LLC now owns 5,300 shares of the exchange traded fund’s stock worth $288,000 after purchasing an additional 300 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 34.4% in the second quarter. Bank of America Corp DE now owns 3,128 shares of the exchange traded fund’s stock worth $128,000 after purchasing an additional 800 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth about $43,000. Flow Traders U.S. LLC increased its stake in Direxion Daily FTSE China Bull 3X Shares by 5.7% in the 3rd quarter. Flow Traders U.S. LLC now owns 21,349 shares of the exchange traded fund’s stock worth $1,159,000 after buying an additional 1,152 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake in Direxion Daily FTSE China Bull 3X Shares by 58.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 9,022 shares of the exchange traded fund’s stock worth $384,000 after buying an additional 3,341 shares during the period.

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.