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

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares gapped down before the market opened on Monday . The stock had previously closed at $29.09, but opened at $27.92. Direxion Daily FTSE China Bull 3X Shares shares last traded at $28.37, with a volume of 2,144,285 shares trading hands.

Direxion Daily FTSE China Bull 3X Shares Trading Down 4.1 %

The firm has a 50 day moving average of $32.43 and a 200-day moving average of $27.21. The company has a market cap of $1.25 billion, a P/E ratio of 4.13 and a beta of 2.93.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC grew its holdings in Direxion Daily FTSE China Bull 3X Shares by 131.6% during the 3rd quarter. Flow Traders U.S. LLC now owns 49,987 shares of the exchange traded fund’s stock valued at $1,846,000 after buying an additional 28,404 shares in the last quarter. Strategic Wealth Investment Group LLC purchased a new position in Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter valued at approximately $860,000. Gateway Advisory LLC grew its holdings in Direxion Daily FTSE China Bull 3X Shares by 20.0% during the 2nd quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock valued at $402,000 after buying an additional 3,000 shares in the last quarter. Covestor Ltd purchased a new position in Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter valued at approximately $88,000. Finally, Barclays PLC grew its holdings in Direxion Daily FTSE China Bull 3X Shares by 6.1% during the 3rd quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock valued at $902,000 after buying an additional 1,400 shares in the last quarter.

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.