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 Tuesday . The stock had previously closed at $30.03, but opened at $28.42. Direxion Daily FTSE China Bull 3X Shares shares last traded at $28.63, with a volume of 430,392 shares traded.

Direxion Daily FTSE China Bull 3X Shares Stock Down 7.7%

The stock has a market cap of $580.54 million, a P/E ratio of 8.49 and a beta of 1.00. The stock has a fifty day simple moving average of $32.86 and a 200-day simple moving average of $38.35.

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

A number of hedge funds have recently modified their holdings of YINN. Quadrature Capital Ltd acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter worth about $8,411,000. JPMorgan Chase & Co. acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the second quarter worth about $4,128,000. Jump Financial LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the third quarter worth about $4,255,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the third quarter worth about $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 worth about $1,266,000.

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.