Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Stock Price Down 7.3% – What’s Next?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s share price traded down 7.3% on Friday . The stock traded as low as $39.74 and last traded at $40.76. 2,112,176 shares were traded during trading, a decline of 72% from the average session volume of 7,555,414 shares. The stock had previously closed at $43.98.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The stock has a market cap of $1.86 billion, a PE ratio of 12.60 and a beta of 1.06. The business has a fifty day moving average of $31.95 and a 200-day moving average of $30.38.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 6.1% in the 3rd quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock valued at $902,000 after purchasing an additional 1,400 shares in the last quarter. Bank of Montreal Can bought a new position in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth approximately $40,000. Signature Resources Capital Management LLC bought a new position in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth approximately $65,000. Covestor Ltd purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the third quarter worth $88,000. Finally, Viewpoint Capital Management LLC boosted its position in Direxion Daily FTSE China Bull 3X Shares by 50.8% during the 4th quarter. Viewpoint Capital Management LLC now owns 20,780 shares of the exchange traded fund’s stock valued at $581,000 after acquiring an additional 7,000 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.