Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Trading Down 21% – Here’s What Happened

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares fell 21% during mid-day trading on Monday . The stock traded as low as $24.59 and last traded at $24.90. 8,121,973 shares were traded during trading, an increase of 15% from the average session volume of 7,084,349 shares. The stock had previously closed at $31.52.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The company has a 50-day moving average price of $40.64 and a two-hundred day moving average price of $34.60. The company has a market cap of $855.71 million, a PE ratio of 9.13 and a beta of 0.88.

Direxion Daily FTSE China Bull 3X Shares Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a $0.1149 dividend. This is an increase from Direxion Daily FTSE China Bull 3X Shares’s previous dividend of $0.03. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. TB Alternative Assets Ltd. purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter worth approximately $19,162,000. IMC Chicago LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth approximately $15,845,000. Jump Financial LLC increased its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 698.0% during the fourth quarter. Jump Financial LLC now owns 238,375 shares of the exchange traded fund’s stock worth $6,660,000 after buying an additional 208,503 shares in the last quarter. Shengqi Capital Hong Kong Ltd bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth about $5,681,000. Finally, Barclays PLC lifted its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 215.2% during the fourth quarter. Barclays PLC now owns 77,038 shares of the exchange traded fund’s stock valued at $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.