Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $33.60 and traded as low as $31.10. Direxion Daily FTSE China Bull 3X Shares shares last traded at $31.50, with a volume of 583,399 shares trading hands.

Direxion Daily FTSE China Bull 3X Shares Trading Up 1.7%

The business’s 50 day moving average is $27.35 and its 200 day moving average is $33.60. The stock has a market capitalization of $744.66 million, a PE ratio of 8.49 and a beta of 1.03.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Pilgrim Partners Asia Pte Ltd purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth $43,000. Bank of America Corp DE increased its position in shares of Direxion Daily FTSE China Bull 3X Shares by 34.4% during the second quarter. Bank of America Corp DE now owns 3,128 shares of the exchange traded fund’s stock worth $128,000 after acquiring an additional 800 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter worth approximately $223,000. Parallel Advisors LLC raised its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 6.0% during the third quarter. Parallel Advisors LLC now owns 5,300 shares of the exchange traded fund’s stock valued at $288,000 after acquiring an additional 300 shares in the last quarter. Finally, Corient Private Wealth LLC purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at approximately $299,000.

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.