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

Direxion Daily FTSE China Bull 3X ETF (NYSEARCA:YINN)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $27.30, but opened at $26.13. Direxion Daily FTSE China Bull 3X ETF shares last traded at $25.9940, with a volume of 494,392 shares trading hands.

Direxion Daily FTSE China Bull 3X ETF Trading Down 5.4%

The business’s 50-day moving average is $29.00 and its two-hundred day moving average is $30.31. The stock has a market capitalization of $578.22 million, a PE ratio of 8.49 and a beta of 1.01.

Institutional Investors Weigh In On Direxion Daily FTSE China Bull 3X ETF

A hedge fund recently bought a new stake in Direxion Daily FTSE China Bull 3X ETF stock. Group One Trading LLC bought a new stake in Direxion Daily FTSE China Bull 3X ETF (NYSEARCA:YINN) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 38,575 shares of the exchange traded fund’s stock, valued at approximately $1,266,000. Group One Trading LLC owned approximately 0.18% of Direxion Daily FTSE China Bull 3X ETF as of its most recent filing with the Securities & Exchange Commission.

Direxion Daily FTSE China Bull 3X ETF 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.