Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $29.54, but opened at $28.57. Direxion Daily FTSE China Bull 3X Shares shares last traded at $28.6570, with a volume of 307,402 shares trading hands.
Direxion Daily FTSE China Bull 3X Shares Trading Down 2.0%
The stock has a market capitalization of $684.09 million, a price-to-earnings ratio of 8.49 and a beta of 1.03. The stock’s 50 day moving average is $27.83 and its 200 day moving average is $31.53.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new stake in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter worth approximately $8,411,000. JPMorgan Chase & Co. acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the second quarter valued at $4,128,000. Jump Financial LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter valued at about $4,255,000. Virtu Financial LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at $2,935,000. Finally, Group One Trading LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter valued at about $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.
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