Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Stock Price Cross Below 200 Day Moving Average – Here’s What Happened

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $33.60 and traded as low as $31.10. Direxion Daily FTSE China Bull 3X Shares shares last traded at $31.50, with a volume of 583,399 shares traded.

Direxion Daily FTSE China Bull 3X Shares Trading Up 1.7%

The business has a fifty day simple moving average of $27.35 and a two-hundred day simple moving average of $33.60. The company has a market cap of $744.66 million, a PE ratio of 8.49 and a beta of 1.03.

Hedge Funds Weigh In On Direxion Daily FTSE China Bull 3X Shares

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quadrature Capital Ltd acquired a new stake in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at about $8,411,000. JPMorgan Chase & Co. acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the second quarter valued at approximately $4,128,000. Jump Financial LLC purchased a new position in Direxion Daily FTSE China Bull 3X Shares during the third quarter worth approximately $4,255,000. Virtu Financial LLC purchased a new position in Direxion Daily FTSE China Bull 3X Shares during the third quarter worth approximately $2,935,000. Finally, Group One Trading LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the first quarter worth $1,266,000.

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.