Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Down to $23.77

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped down before the market opened on Tuesday . The stock had previously closed at $23.77, but opened at $22.79. Direxion Daily FTSE China Bull 3X Shares shares last traded at $22.93, with a volume of 1,050,378 shares traded.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The firm has a market cap of $1.12 billion, a PE ratio of 3.38 and a beta of 3.00. The company has a 50 day simple moving average of $19.33 and a 200-day simple moving average of $20.50.

Hedge Funds Weigh In On Direxion Daily FTSE China Bull 3X Shares

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 3,594.5% during the 3rd quarter. Barclays PLC now owns 20,098 shares of the exchange traded fund’s stock valued at $581,000 after purchasing an additional 19,554 shares during the period. Viewpoint Capital Management LLC lifted its position in shares of Direxion Daily FTSE China Bull 3X Shares by 17.3% during the 4th quarter. Viewpoint Capital Management LLC now owns 6,780 shares of the exchange traded fund’s stock valued at $142,000 after buying an additional 1,000 shares in the last quarter. Pathstone Family Office LLC purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter valued at about $567,000. SCEP Management Ltd purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter valued at about $14,460,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Direxion Daily FTSE China Bull 3X Shares by 159.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,724 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 1,674 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.