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

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares gapped down before the market opened on Friday . The stock had previously closed at $39.32, but opened at $32.90. Direxion Daily FTSE China Bull 3X Shares shares last traded at $32.26, with a volume of 5,277,746 shares traded.

Direxion Daily FTSE China Bull 3X Shares Trading Down 20.3 %

The company has a market cap of $1.16 billion, a PE ratio of 9.13 and a beta of 0.88. The business has a fifty day simple moving average of $40.61 and a two-hundred day simple moving average of $34.36.

Direxion Daily FTSE China Bull 3X Shares Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a dividend of $0.1149 per share. The ex-dividend date was Tuesday, March 25th. This is a boost from Direxion Daily FTSE China Bull 3X Shares’s previous dividend of $0.03.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Barclays PLC increased its holdings in Direxion Daily FTSE China Bull 3X Shares by 6.1% in the 3rd quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock valued at $902,000 after purchasing an additional 1,400 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at $40,000. Signature Resources Capital Management LLC purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at $65,000. Viewpoint Capital Management LLC boosted its holdings in Direxion Daily FTSE China Bull 3X Shares by 50.8% during the 4th quarter. Viewpoint Capital Management LLC now owns 20,780 shares of the exchange traded fund’s stock valued at $581,000 after acquiring an additional 7,000 shares during the period. Finally, Raffles Associates LP purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter worth about $279,000.

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.