Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Trading Down 4.5%

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) dropped 4.5% during mid-day trading on Tuesday . The stock traded as low as $30.36 and last traded at $30.49. Approximately 1,788,538 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 6,776,798 shares. The stock had previously closed at $31.93.

Direxion Daily FTSE China Bull 3X Shares Trading Down 4.0 %

The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 4.13 and a beta of 2.93. The stock’s 50 day moving average is $22.51 and its two-hundred day moving average is $20.77.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC lifted its position in Direxion Daily FTSE China Bull 3X Shares by 3,594.5% during the 3rd quarter. Barclays PLC now owns 20,098 shares of the exchange traded fund’s stock worth $581,000 after buying an additional 19,554 shares in the last quarter. Viewpoint Capital Management LLC raised its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 17.3% in the 4th quarter. Viewpoint Capital Management LLC now owns 6,780 shares of the exchange traded fund’s stock valued at $142,000 after purchasing an additional 1,000 shares during the period. Pathstone Family Office LLC bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at about $567,000. Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 159.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,724 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 1,674 shares during the period. Finally, SCEP Management Ltd bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at about $14,460,000.

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.