Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Sets New 12-Month Low – Here’s What Happened

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $29.92 and last traded at $30.55, with a volume of 1293110 shares. The stock had previously closed at $31.80.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The company has a 50-day moving average price of $34.04 and a 200-day moving average price of $40.71. The firm has a market capitalization of $673.55 million, a price-to-earnings ratio of 8.49 and a beta of 1.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in YINN. Quadrature Capital Ltd acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth about $8,411,000. JPMorgan Chase & Co. acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 2nd quarter worth about $4,128,000. Jump Financial LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter worth about $4,255,000. Virtu Financial LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter worth about $2,935,000. Finally, Group One Trading LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth about $1,266,000.

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.