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 prior to trading on Monday . The stock had previously closed at $35.38, but opened at $33.69. Direxion Daily FTSE China Bull 3X Shares shares last traded at $34.10, with a volume of 3,354,712 shares changing hands.

Direxion Daily FTSE China Bull 3X Shares Trading Down 6.0 %

The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 4.13 and a beta of 2.93. The firm’s 50 day simple moving average is $28.67 and its 200-day simple moving average is $25.39.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Covestor Ltd acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth approximately $33,000. Chilton Capital Management LLC purchased a new position in Direxion Daily FTSE China Bull 3X Shares in the first quarter worth $56,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Direxion Daily FTSE China Bull 3X Shares in the second quarter valued at $277,000. Quadrature Capital Ltd purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth $281,000. Finally, Gateway Advisory LLC grew its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% during the 2nd quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock worth $402,000 after purchasing an additional 3,000 shares during the period.

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.