Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Sets New 1-Year Low – Here’s What Happened

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) reached a new 52-week low on Thursday . The company traded as low as $27.49 and last traded at $27.86, with a volume of 437640 shares trading hands. The stock had previously closed at $28.51.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The business’s 50-day moving average price is $33.19 and its two-hundred day moving average price is $38.94. The company has a market capitalization of $609.12 million, a price-to-earnings ratio of 8.49 and a beta of 1.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in YINN. Pilgrim Partners Asia Pte Ltd acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at approximately $43,000. Bank of America Corp DE raised its position 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 valued at $128,000 after purchasing an additional 800 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at approximately $223,000. Parallel Advisors LLC raised 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 valued at $288,000 after purchasing an additional 300 shares in the last quarter. Finally, Corient Private Wealth LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at approximately $299,000.

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.