Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN – Get Free Report) traded down 6.3% during trading on Tuesday . The stock traded as low as $28.24 and last traded at $28.4140. Approximately 659,552 shares changed hands during trading, a decline of 67% from the average session volume of 1,993,682 shares. The stock had previously closed at $30.32.
Direxion Daily FTSE China Bull 3X Shares Stock Performance
The firm has a fifty day simple moving average of $28.55 and a 200-day simple moving average of $31.07. The firm has a market cap of $638.52 million, a price-to-earnings ratio of 8.49 and a beta of 1.01.
Institutional Investors Weigh In On Direxion Daily FTSE China Bull 3X Shares
A number of large investors have recently bought and sold shares of the company. Group One Trading LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter worth $1,266,000. IMC Chicago LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter valued at about $560,000. Quadrature Capital Ltd bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter worth about $8,411,000. HRT Financial LP bought a new stake in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth approximately $692,000. Finally, XTX Topco Ltd increased its position in Direxion Daily FTSE China Bull 3X Shares by 277.0% in the 3rd quarter. XTX Topco Ltd now owns 20,767 shares of the exchange traded fund’s stock valued at $1,127,000 after acquiring an additional 15,259 shares during the period.
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.
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