Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Down to $25.06

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s share price gapped down prior to trading on Friday . The stock had previously closed at $25.06, but opened at $24.35. Direxion Daily FTSE China Bull 3X Shares shares last traded at $24.38, with a volume of 557,740 shares trading hands.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The stock has a market cap of $1.07 billion, a PE ratio of 4.13 and a beta of 2.93. The stock’s 50-day moving average is $25.09 and its two-hundred day moving average is $20.68.

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

A number of hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 1st quarter valued at $33,000. Chilton Capital Management LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 1st quarter valued at $56,000. Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 159.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,724 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 1,674 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 34.8% in the 4th quarter. Parallel Advisors LLC now owns 6,250 shares of the exchange traded fund’s stock valued at $131,000 after purchasing an additional 1,615 shares in the last quarter. Finally, Viewpoint Capital Management LLC raised its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 17.3% in the 4th quarter. Viewpoint Capital Management LLC now owns 6,780 shares of the exchange traded fund’s stock valued at $142,000 after purchasing an additional 1,000 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.