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:YINN) gapped down prior to trading on Friday . The stock had previously closed at $28.13, but opened at $26.22. Direxion Daily FTSE China Bull 3X Shares shares last traded at $26.09, with a volume of 3,856,873 shares traded.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The firm has a market cap of $1.17 billion, a P/E ratio of 4.13 and a beta of 2.93. The business’s 50-day simple moving average is $33.75 and its 200 day simple moving average is $27.21.

Hedge Funds Weigh In On Direxion Daily FTSE China Bull 3X Shares

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 6.1% in the third quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock worth $902,000 after buying an additional 1,400 shares during the last quarter. Flow Traders U.S. LLC boosted its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 131.6% during the 3rd quarter. Flow Traders U.S. LLC now owns 49,987 shares of the exchange traded fund’s stock worth $1,846,000 after acquiring an additional 28,404 shares during the last quarter. Covestor Ltd purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter worth $88,000. Strategic Wealth Investment Group LLC bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter valued at $860,000. Finally, Gateway Advisory LLC increased its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% in 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 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.