Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Stock Price Down 6.6% – What’s Next?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares fell 6.6% during trading on Friday . The company traded as low as $45.08 and last traded at $44.7950. 1,630,733 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 2,156,953 shares. The stock had previously closed at $47.96.

Direxion Daily FTSE China Bull 3X Shares Trading Down 5.8%

The business has a 50-day moving average of $45.79 and a two-hundred day moving average of $46.85. The firm has a market cap of $938.88 million, a P/E ratio of 8.49 and a beta of 0.93.

Institutional Investors Weigh In On Direxion Daily FTSE China Bull 3X Shares

A number of institutional investors have recently added to or reduced their stakes in YINN. Bank of America Corp DE raised its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 34.4% during 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 acquiring an additional 800 shares during the last quarter. Wedmont Private Capital bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the second quarter worth $206,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at $223,000. XTX Topco Ltd bought a new position in Direxion Daily FTSE China Bull 3X Shares during the 2nd quarter worth $226,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the 2nd quarter worth about $283,000.

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.