Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Down – Should You Sell?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $37.83, but opened at $36.84. Direxion Daily FTSE China Bull 3X Shares shares last traded at $36.88, with a volume of 1,134,386 shares changing hands.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The company has a market capitalization of $1.24 billion, a PE ratio of 8.49 and a beta of 0.95. The stock’s 50 day moving average is $34.86 and its 200 day moving average is $33.63.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. IMC Chicago LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at approximately $15,845,000. Jump Financial LLC lifted its stake in Direxion Daily FTSE China Bull 3X Shares by 698.0% in the 4th quarter. Jump Financial LLC now owns 238,375 shares of the exchange traded fund’s stock worth $6,660,000 after purchasing an additional 208,503 shares in the last quarter. Shengqi Capital Hong Kong Ltd bought a new position in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at $5,681,000. Virtu Financial LLC grew its position in shares of Direxion Daily FTSE China Bull 3X Shares by 576.8% during the 1st quarter. Virtu Financial LLC now owns 102,135 shares of the exchange traded fund’s stock valued at $4,236,000 after purchasing an additional 87,045 shares in the last quarter. Finally, Barclays PLC grew its position in shares of Direxion Daily FTSE China Bull 3X Shares by 215.2% during the 4th quarter. Barclays PLC now owns 77,038 shares of the exchange traded fund’s stock valued at $2,152,000 after purchasing an additional 52,600 shares in the last quarter.

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.