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

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares reached a new 52-week low on Thursday . The stock traded as low as $29.77 and last traded at $30.31, with a volume of 2982882 shares. The stock had previously closed at $31.36.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The company’s 50-day moving average is $33.71 and its two-hundred day moving average is $40.24. The firm has a market cap of $666.52 million, a P/E ratio of 8.49 and a beta of 1.07.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC lifted its position in Direxion Daily FTSE China Bull 3X Shares by 6.0% during the third quarter. Parallel Advisors LLC now owns 5,300 shares of the exchange traded fund’s stock worth $288,000 after purchasing an additional 300 shares during the period. Bank of America Corp DE raised its stake in Direxion Daily FTSE China Bull 3X Shares by 34.4% during the second quarter. Bank of America Corp DE now owns 3,128 shares of the exchange traded fund’s stock worth $128,000 after acquiring an additional 800 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter worth about $43,000. Flow Traders U.S. LLC raised its stake in Direxion Daily FTSE China Bull 3X Shares by 5.7% during the third quarter. Flow Traders U.S. LLC now owns 21,349 shares of the exchange traded fund’s stock worth $1,159,000 after acquiring an additional 1,152 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in Direxion Daily FTSE China Bull 3X Shares by 58.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 9,022 shares of the exchange traded fund’s stock worth $384,000 after acquiring an additional 3,341 shares in the last quarter.

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.