Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Sets New 12-Month Low – Here’s What Happened

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $29.92 and last traded at $30.55, with a volume of 1293110 shares. The stock had previously closed at $31.80.

Direxion Daily FTSE China Bull 3X Shares Trading Down 3.7%

The firm has a market capitalization of $673.55 million, a PE ratio of 8.49 and a beta of 1.07. The company has a fifty day moving average price of $34.04 and a two-hundred day moving average price of $40.71.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Several institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 6.0% in the 3rd quarter. Parallel Advisors LLC now owns 5,300 shares of the exchange traded fund’s stock valued at $288,000 after purchasing an additional 300 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 34.4% in the 2nd quarter. Bank of America Corp DE now owns 3,128 shares of the exchange traded fund’s stock valued at $128,000 after purchasing an additional 800 shares during the last quarter. Ping Capital Management Inc. lifted its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 1.8% in the 3rd quarter. Ping Capital Management Inc. now owns 58,000 shares of the exchange traded fund’s stock valued at $3,149,000 after purchasing an additional 1,000 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at about $43,000. Finally, Flow Traders U.S. LLC lifted its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 5.7% in the 3rd quarter. Flow Traders U.S. LLC now owns 21,349 shares of the exchange traded fund’s stock valued at $1,159,000 after purchasing an additional 1,152 shares during 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.