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)’s stock price dropped 6.5% during trading on Friday . The company traded as low as $43.88 and last traded at $43.95. Approximately 2,019,361 shares traded hands during mid-day trading, a decline of 71% from the average daily 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 stock has a market capitalization of $1.68 billion, a P/E ratio of 10.86 and a beta of 1.10. The business’s 50 day simple moving average is $37.78 and its two-hundred day simple moving average is $33.09.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Bank of Montreal Can bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at $40,000. Signature Resources Capital Management LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at $65,000. Raffles Associates LP bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at $279,000. Formidable Asset Management LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at $279,000. Finally, Cantor Fitzgerald L. P. bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at $284,000.

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.