Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up – Here’s Why

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped up before the market opened on Monday . The stock had previously closed at $33.67, but opened at $35.75. Direxion Daily FTSE China Bull 3X Shares shares last traded at $35.61, with a volume of 2,116,170 shares changing hands.

Direxion Daily FTSE China Bull 3X Shares Trading Down 2.8 %

The business’s fifty day simple moving average is $28.90 and its 200-day simple moving average is $28.61. The firm has a market cap of $1.58 billion, a P/E ratio of 4.13 and a beta of 2.93.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Barclays PLC grew its position in Direxion Daily FTSE China Bull 3X Shares by 6.1% in the third quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock worth $902,000 after acquiring an additional 1,400 shares in the last quarter. IMC Chicago LLC purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at about $15,845,000. Strategic Wealth Investment Group LLC purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the third quarter valued at about $860,000. Covestor Ltd purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the third quarter valued at about $88,000. Finally, Signature Resources Capital Management LLC purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at about $65,000.

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.