Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN – Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as $27.49 and last traded at $27.86, with a volume of 437640 shares. The stock had previously closed at $28.51.
Direxion Daily FTSE China Bull 3X Shares Stock Performance
The stock has a market cap of $654.86 million, a price-to-earnings ratio of 8.49 and a beta of 1.00. The company’s 50 day simple moving average is $33.07 and its 200 day simple moving average is $38.77.
Institutional Investors Weigh In On Direxion Daily FTSE China Bull 3X Shares
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new position in Direxion Daily FTSE China Bull 3X Shares during the 2nd quarter valued at $4,128,000. Bank of America Corp DE lifted its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 34.4% in the second quarter. Bank of America Corp DE now owns 3,128 shares of the exchange traded fund’s stock valued at $128,000 after buying an additional 800 shares during the period. Optiver Holding B.V. acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the third quarter valued at $2,076,000. Great Hill Capital LLC bought a new position in Direxion Daily FTSE China Bull 3X Shares during the third quarter valued at about $311,000. Finally, Parallel Advisors LLC boosted its stake in Direxion Daily FTSE China Bull 3X Shares by 6.0% during the third quarter. Parallel Advisors LLC now owns 5,300 shares of the exchange traded fund’s stock valued at $288,000 after buying an additional 300 shares in the last quarter.
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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