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

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $32.30, but opened at $30.45. Direxion Daily FTSE China Bull 3X Shares shares last traded at $30.17, with a volume of 287,239 shares traded.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The firm has a market capitalization of $712.51 million, a price-to-earnings ratio of 8.49 and a beta of 1.03. The firm’s 50-day moving average price is $27.39 and its two-hundred day moving average price is $33.44.

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

Large investors have recently modified their holdings of the stock. Quadrature Capital Ltd acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth approximately $8,411,000. JPMorgan Chase & Co. bought a new position in Direxion Daily FTSE China Bull 3X Shares in the second quarter valued at approximately $4,128,000. Jump Financial LLC acquired a new stake in Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter worth $4,255,000. Virtu Financial LLC acquired a new stake in Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter worth $2,935,000. Finally, Group One Trading LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the 1st quarter valued at $1,266,000.

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.