Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Sets New 1-Year Low – Here’s What Happened

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $27.49 and last traded at $27.86, with a volume of 437640 shares traded. The stock had previously closed at $28.51.

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

The company has a market cap of $609.12 million, a P/E ratio of 8.49 and a beta of 1.00. The business has a fifty day moving average price of $33.19 and a 200-day moving average price of $38.94.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at approximately $43,000. Bank of America Corp DE raised its position 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 in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at approximately $223,000. Parallel Advisors LLC raised its position in shares of Direxion Daily FTSE China Bull 3X Shares by 6.0% in 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. Finally, Great Hill Capital LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the third quarter valued at approximately $311,000.

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.