Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Down 21% – What’s Next?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares dropped 21% during mid-day trading on Monday . The company traded as low as $24.59 and last traded at $24.90. Approximately 8,121,973 shares were traded during trading, an increase of 15% from the average daily volume of 7,084,349 shares. The stock had previously closed at $31.52.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The company has a market cap of $995.35 million, a PE ratio of 9.13 and a beta of 0.88. The company has a 50-day moving average price of $40.13 and a two-hundred day moving average price of $34.50.

Direxion Daily FTSE China Bull 3X Shares Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were given a $0.1149 dividend. This is a positive change from Direxion Daily FTSE China Bull 3X Shares’s previous dividend of $0.03. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of Montreal Can acquired a new stake in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at $40,000. Signature Resources Capital Management LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at approximately $65,000. Raffles Associates LP acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at $279,000. Formidable Asset Management LLC bought a new position in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter worth about $279,000. Finally, Cantor Fitzgerald L. P. acquired a new stake in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at $284,000.

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.