Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Pass Below 200 Day Moving Average – Here’s Why

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.74 and traded as low as $29.11. Direxion Daily FTSE China Bull 3X Shares shares last traded at $29.11, with a volume of 1,262,506 shares.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The company has a market cap of $696.43 million, a P/E ratio of 8.49 and a beta of 1.03. The firm has a 50 day moving average price of $27.70 and a two-hundred day moving average price of $31.62.

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

Several hedge funds and other institutional investors have recently modified their holdings of YINN. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at approximately $43,000. Bank of America Corp DE lifted its stake in 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 worth $128,000 after purchasing an additional 800 shares in the last quarter. Parallel Advisors LLC boosted its holdings in 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 period. Corient Private Wealth LLC purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at $299,000. Finally, SBI Securities Co. Ltd. grew its position in shares of Direxion Daily FTSE China Bull 3X Shares by 58.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 9,022 shares of the exchange traded fund’s stock valued at $384,000 after purchasing an additional 3,341 shares in 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.