Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Down to $26.90

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped down prior to trading on Tuesday . The stock had previously closed at $26.90, but opened at $26.00. Direxion Daily FTSE China Bull 3X Shares shares last traded at $26.04, with a volume of 765,776 shares traded.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The company has a market cap of $1.21 billion, a P/E ratio of 4.13 and a beta of 2.93. The firm’s 50 day moving average price is $20.39 and its two-hundred day moving average price is $20.50.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Chilton Capital Management LLC purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the 1st quarter valued at $56,000. Viewpoint Capital Management LLC grew its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 218.0% in the 1st quarter. Viewpoint Capital Management LLC now owns 21,560 shares of the exchange traded fund’s stock worth $424,000 after acquiring an additional 14,780 shares in the last quarter. Sanders Morris Harris LLC purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the first quarter valued at about $1,073,000. Virtu Financial LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at about $2,282,000. Finally, HCEP Management Ltd boosted its holdings in Direxion Daily FTSE China Bull 3X Shares by 20.0% during the fourth quarter. HCEP Management Ltd now owns 600,000 shares of the exchange traded fund’s stock worth $12,564,000 after purchasing an additional 100,000 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.