Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Down – Time to Sell?

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINNGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $30.48, but opened at $29.31. Direxion Daily FTSE China Bull 3X Shares shares last traded at $29.37, with a volume of 195,811 shares.

Direxion Daily FTSE China Bull 3X Shares Stock Down 2.6%

The firm has a fifty day moving average of $27.32 and a 200-day moving average of $32.33. The firm has a market cap of $702.11 million, a P/E ratio of 8.49 and a beta of 1.03.

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

Institutional investors have recently modified their holdings of the business. Quadrature Capital Ltd bought a new position in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at approximately $8,411,000. JPMorgan Chase & Co. acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the 2nd quarter valued at $4,128,000. Jump Financial LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at $4,255,000. Virtu Financial LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter worth $2,935,000. Finally, Group One Trading LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter worth $1,266,000.

About Direxion Daily FTSE China Bull 3X Shares

(Get Free Report)

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.

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