Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Down – Here’s Why

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped down before the market opened on Friday . The stock had previously closed at $44.73, but opened at $42.56. Direxion Daily FTSE China Bull 3X Shares shares last traded at $41.41, with a volume of 1,992,125 shares.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The company has a market capitalization of $1.58 billion, a PE ratio of 10.86 and a beta of 1.10. The stock has a 50-day simple moving average of $39.30 and a 200 day simple moving average of $33.65.

Direxion Daily FTSE China Bull 3X Shares Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be issued a $0.1149 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This is an increase from Direxion Daily FTSE China Bull 3X Shares’s previous dividend of $0.03.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. TB Alternative Assets Ltd. acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at $19,162,000. IMC Chicago LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter worth $15,845,000. Jump Financial LLC boosted its position 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 valued at $6,660,000 after buying an additional 208,503 shares during the last quarter. Shengqi Capital Hong Kong Ltd acquired a new stake in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at approximately $5,681,000. Finally, Barclays PLC increased its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 215.2% in the fourth quarter. Barclays PLC now owns 77,038 shares of the exchange traded fund’s stock worth $2,152,000 after buying an additional 52,600 shares during 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.