Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Down – Should You Sell?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped down prior to trading on Monday . The stock had previously closed at $44.96, but opened at $43.38. Direxion Daily FTSE China Bull 3X Shares shares last traded at $40.85, with a volume of 4,242,850 shares changing hands.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The firm has a 50-day moving average of $31.26 and a 200-day moving average of $30.18. The firm has a market capitalization of $2.06 billion, a P/E ratio of 12.60 and a beta of 1.06.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Large investors have recently modified their holdings of the business. TB Alternative Assets Ltd. purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth $19,162,000. IMC Chicago LLC bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at about $15,845,000. Jump Financial LLC increased its position in shares of Direxion Daily FTSE China Bull 3X Shares by 698.0% during the fourth quarter. Jump Financial LLC now owns 238,375 shares of the exchange traded fund’s stock valued at $6,660,000 after buying an additional 208,503 shares during the period. Shengqi Capital Hong Kong Ltd purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth about $5,681,000. Finally, Barclays PLC boosted its position in Direxion Daily FTSE China Bull 3X Shares by 215.2% during the 4th quarter. Barclays PLC now owns 77,038 shares of the exchange traded fund’s stock valued at $2,152,000 after acquiring an additional 52,600 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.