Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Stock Price Down 2.7%

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s stock price were down 2.7% during trading on Friday . The stock traded as low as $29.70 and last traded at $30.05. Approximately 712,873 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 2,000,660 shares. The stock had previously closed at $30.87.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The stock has a market cap of $566.29 million, a price-to-earnings ratio of 8.56 and a beta of 1.45. The firm has a fifty day moving average of $35.97 and a 200 day moving average of $40.22.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in YINN. UBS Group AG grew its position in Direxion Daily FTSE China Bull 3X Shares by 9,825.8% in the first quarter. UBS Group AG now owns 234,448 shares of the exchange traded fund’s stock worth $1,084,000 after acquiring an additional 232,086 shares during the period. Elevatus Welath Management purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the second quarter worth $3,971,000. JPMorgan Chase & Co. boosted its position in shares of 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 period. AJ Wealth Strategies LLC purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter worth $192,000. Finally, IMC Chicago LLC boosted its position in shares of Direxion Daily FTSE China Bull 3X Shares by 161.3% during the second quarter. IMC Chicago LLC now owns 33,777 shares of the exchange traded fund’s stock worth $1,157,000 after buying an additional 20,852 shares during the period.

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.