Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Down – Here’s Why

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares gapped down before the market opened on Monday . The stock had previously closed at $46.65, but opened at $43.75. Direxion Daily FTSE China Bull 3X Shares shares last traded at $42.97, with a volume of 2,226,768 shares.

Direxion Daily FTSE China Bull 3X Shares Stock Down 6.5 %

The company has a 50-day moving average of $33.61 and a 200-day moving average of $31.41. The company has a market cap of $1.99 billion, a PE ratio of 12.60 and a beta of 1.06.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Institutional investors have recently made changes to their positions in the company. Covestor Ltd purchased a new position in Direxion Daily FTSE China Bull 3X Shares during the third quarter worth about $88,000. Flow Traders U.S. LLC boosted its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 131.6% in the 3rd quarter. Flow Traders U.S. LLC now owns 49,987 shares of the exchange traded fund’s stock worth $1,846,000 after buying an additional 28,404 shares during the last quarter. Barclays PLC grew its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 6.1% in the third quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock valued at $902,000 after acquiring an additional 1,400 shares in the last quarter. TB Alternative Assets Ltd. purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at approximately $19,162,000. Finally, Signature Resources Capital Management LLC purchased a new position in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth $65,000.

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.