Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN – Get Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $34.19 and traded as low as $31.66. Direxion Daily FTSE China Bull 3X Shares shares last traded at $32.47, with a volume of 1,378,073 shares changing hands.
Direxion Daily FTSE China Bull 3X Shares Stock Performance
The stock has a market cap of $769.21 million, a P/E ratio of 8.49 and a beta of 1.04. The stock has a 50-day moving average price of $27.19 and a 200-day moving average price of $34.19.
Hedge Funds Weigh In On Direxion Daily FTSE China Bull 3X Shares
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC raised its position in shares of Direxion Daily FTSE China Bull 3X Shares by 6.0% during the 3rd 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. Bank of America Corp DE grew its position in 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 worth $128,000 after acquiring an additional 800 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at $43,000. Flow Traders U.S. LLC increased its stake in Direxion Daily FTSE China Bull 3X Shares by 5.7% in the third quarter. Flow Traders U.S. LLC now owns 21,349 shares of the exchange traded fund’s stock valued at $1,159,000 after acquiring an additional 1,152 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in Direxion Daily FTSE China Bull 3X Shares by 58.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 9,022 shares of the exchange traded fund’s stock valued at $384,000 after acquiring an additional 3,341 shares during the last quarter.
Direxion Daily FTSE China Bull 3X Shares Company Profile
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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