Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Pass Below 50 Day Moving Average of $85.41

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINNGet Rating) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $85.41 and traded as low as $76.23. Direxion Daily FTSE China Bull 3X Shares shares last traded at $78.09, with a volume of 207,657 shares changing hands.

Direxion Daily FTSE China Bull 3X Shares Trading Up 2.2 %

The company’s 50-day simple moving average is $85.41 and its 200 day simple moving average is $109.10.

Hedge Funds Weigh In On Direxion Daily FTSE China Bull 3X Shares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bridgewater Advisors Inc. acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter worth approximately $283,000. AJ Wealth Strategies LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the 1st quarter worth approximately $192,000. Goldman Sachs Group Inc. acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the 1st quarter worth approximately $93,000. PNC Financial Services Group Inc. acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth approximately $29,000. Finally, Viewpoint Capital Management LLC grew its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 1,250.0% during the 1st quarter. Viewpoint Capital Management LLC now owns 43,200 shares of the exchange traded fund’s stock worth $200,000 after purchasing an additional 40,000 shares during the period.

About Direxion Daily FTSE China Bull 3X Shares

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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.

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