Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Hits New 52-Week Low – Here’s Why

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINNGet Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $28.33 and last traded at $28.34, with a volume of 2321413 shares traded. The stock had previously closed at $30.50.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The firm has a market capitalization of $628.03 million, a P/E ratio of 8.49 and a beta of 1.00. The stock’s 50 day simple moving average is $33.30 and its 200 day simple moving average is $39.33.

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

A number of hedge funds have recently added to or reduced their stakes in YINN. Quadrature Capital Ltd bought a new position in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter worth about $8,411,000. JPMorgan Chase & Co. bought a new position in Direxion Daily FTSE China Bull 3X Shares in the 2nd quarter worth about $4,128,000. Jump Financial LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the third quarter valued at approximately $4,255,000. Virtu Financial LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the third quarter valued at approximately $2,935,000. Finally, Group One Trading LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter valued at approximately $1,266,000.

Direxion Daily FTSE China Bull 3X Shares Company Profile

(Get Free Report)

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.

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