Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Down 6.5% – What’s Next?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares traded down 6.5% on Friday . The company traded as low as $43.88 and last traded at $43.95. 2,019,361 shares traded hands during trading, a decline of 71% from the average session volume of 6,963,434 shares. The stock had previously closed at $47.02.

Direxion Daily FTSE China Bull 3X Shares Stock Down 5.4 %

The business’s 50-day moving average is $37.78 and its two-hundred day moving average is $33.09. The company has a market capitalization of $1.68 billion, a P/E ratio of 10.86 and a beta of 1.10.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. TB Alternative Assets Ltd. bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at about $19,162,000. IMC Chicago LLC bought a new stake in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth about $15,845,000. Jump Financial LLC raised its position in Direxion Daily FTSE China Bull 3X Shares by 698.0% in the fourth quarter. Jump Financial LLC now owns 238,375 shares of the exchange traded fund’s stock worth $6,660,000 after acquiring an additional 208,503 shares during the period. Shengqi Capital Hong Kong Ltd bought a new stake in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth about $5,681,000. Finally, Barclays PLC raised its position in Direxion Daily FTSE China Bull 3X Shares by 215.2% in the fourth quarter. Barclays PLC now owns 77,038 shares of the exchange traded fund’s stock worth $2,152,000 after acquiring an additional 52,600 shares during the period.

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.