Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Stock Cross Below 200-Day Moving Average – Here’s What Happened

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $47.06 and traded as low as $44.76. Direxion Daily FTSE China Bull 3X Shares shares last traded at $45.66, with a volume of 1,240,289 shares.

Direxion Daily FTSE China Bull 3X Shares Stock Down 0.3%

The firm has a 50 day moving average of $45.20 and a 200 day moving average of $47.06. The firm has a market cap of $949.27 million, a PE ratio of 8.49 and a beta of 0.93.

Institutional Investors Weigh In On Direxion Daily FTSE China Bull 3X Shares

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in Direxion Daily FTSE China Bull 3X Shares in the 2nd quarter valued at about $4,128,000. Jump Financial LLC bought a new position in Direxion Daily FTSE China Bull 3X Shares during the third quarter worth about $4,255,000. Virtu Financial LLC purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the third quarter worth about $2,935,000. Ping Capital Management Inc. increased its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 1,040.0% in the second quarter. Ping Capital Management Inc. now owns 57,000 shares of the exchange traded fund’s stock worth $2,336,000 after purchasing an additional 52,000 shares in the last quarter. Finally, Optiver Holding B.V. bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the third quarter valued at approximately $2,076,000.

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.