Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Trading Down 21% – Should You Sell?

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

Direxion Daily FTSE China Bull 3X Shares Stock Down 26.9 %

The business has a fifty day moving average of $40.64 and a 200 day moving average of $34.60. The company has a market cap of $855.71 million, a P/E ratio of 9.13 and a beta of 0.88.

Direxion Daily FTSE China Bull 3X Shares Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at approximately $40,000. Signature Resources Capital Management LLC purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at $65,000. Raffles Associates LP purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth about $279,000. Formidable Asset Management LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at approximately $279,000. Finally, Cantor Fitzgerald L. P. purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth $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.