Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) fell 5.1% during trading on Wednesday . The company traded as low as $17.93 and last traded at $18.11. 2,046,772 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 2,582,628 shares. The stock had previously closed at $19.08.

Several institutional investors and hedge funds have recently modified their holdings of the company. Traynor Capital Management Inc. bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 1st quarter valued at approximately $313,000. Mainstay Capital Management LLC ADV bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at approximately $395,000. U S Global Investors Inc. bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 1st quarter valued at approximately $266,000. Citigroup Inc. increased its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 19.8% in the 4th quarter. Citigroup Inc. now owns 3,175 shares of the exchange traded fund’s stock valued at $55,000 after acquiring an additional 525 shares during the last quarter. Finally, XR Securities LLC increased its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 49.8% in the 1st quarter. XR Securities LLC now owns 23,703 shares of the exchange traded fund’s stock valued at $573,000 after acquiring an additional 7,875 shares during the last quarter.

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About Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)

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.

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