Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Stock Price Pass Below 200 Day Moving Average of $47.15

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN – Get Rating) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $47.15 and traded as low as $38.63. Direxion Daily FTSE China Bull 3X Shares shares last traded at $40.13, with a volume of 2,602,130 shares traded.

Direxion Daily FTSE China Bull 3X Shares Stock Up 2.0 %

The company has a 50 day moving average of $55.91 and a two-hundred day moving average of $47.15. The firm has a market cap of $435.01 million, a P/E ratio of 8.56 and a beta of 1.51.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of YINN. UBS Group AG grew its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 9,825.8% in the 1st quarter. UBS Group AG now owns 234,448 shares of the exchange traded fund’s stock valued at $1,084,000 after acquiring an additional 232,086 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Direxion Daily FTSE China Bull 3X Shares by 123.0% during the first quarter. JPMorgan Chase & Co. now owns 200,690 shares of the exchange traded fund’s stock worth $927,000 after buying an additional 110,682 shares during the last quarter. Credit Suisse AG increased its position in Direxion Daily FTSE China Bull 3X Shares by 1,356.6% in the 3rd quarter. Credit Suisse AG now owns 46,100 shares of the exchange traded fund’s stock valued at $1,875,000 after buying an additional 42,935 shares in the last quarter. AJ Wealth Strategies LLC purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the first quarter valued at about $192,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter worth approximately $912,000.

Direxion Daily FTSE China Bull 3X Shares Company Profile

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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.