Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Reaches New 1-Year Low – Time to Sell?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) reached a new 52-week low on Thursday . The company traded as low as $29.77 and last traded at $30.31, with a volume of 2982882 shares. The stock had previously closed at $31.36.

Direxion Daily FTSE China Bull 3X Shares Stock Up 0.4%

The company has a market capitalization of $650.46 million, a price-to-earnings ratio of 8.49 and a beta of 1.07. The stock has a fifty day moving average price of $33.48 and a two-hundred day moving average price of $40.03.

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

Institutional investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at $8,411,000. JPMorgan Chase & Co. acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the second quarter valued at $4,128,000. Jump Financial LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the third quarter valued at $4,255,000. Virtu Financial LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the third quarter valued at $2,935,000. Finally, Group One Trading LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the first quarter valued at $1,266,000.

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.