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

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped down prior to trading on Thursday . The stock had previously closed at $41.53, but opened at $38.37. Direxion Daily FTSE China Bull 3X Shares shares last traded at $38.0680, with a volume of 1,830,724 shares changing hands.

Direxion Daily FTSE China Bull 3X Shares Stock Down 0.8%

The business has a 50-day moving average price of $44.51 and a two-hundred day moving average price of $47.04. The firm has a market cap of $787.11 million, a PE ratio of 8.49 and a beta of 0.93.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Large investors have recently made changes to their positions in the stock. Quadrature Capital Ltd purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the 4th 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 2nd quarter worth about $4,128,000. Jump Financial LLC purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the third quarter worth about $4,255,000. Ping Capital Management Inc. grew its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 1.8% during the third quarter. Ping Capital Management Inc. now owns 58,000 shares of the exchange traded fund’s stock worth $3,149,000 after buying an additional 1,000 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the third quarter worth about $2,935,000.

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.