Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Sets New 12-Month Low – Should You Sell?
by Teresa Graham · The Cerbat GemDirexion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN – Get Free Report) shares hit a new 52-week low on Friday . The stock traded as low as $28.33 and last traded at $28.34, with a volume of 2321413 shares trading hands. The stock had previously closed at $30.50.
Direxion Daily FTSE China Bull 3X Shares Trading Down 6.4%
The stock has a market capitalization of $628.03 million, a PE ratio of 8.49 and a beta of 1.00. The business’s 50 day moving average is $33.39 and its 200 day moving average is $39.41.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth approximately $43,000. Bank of America Corp DE boosted its holdings in Direxion Daily FTSE China Bull 3X Shares by 34.4% during the 2nd quarter. Bank of America Corp DE now owns 3,128 shares of the exchange traded fund’s stock valued at $128,000 after acquiring an additional 800 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at $223,000. Parallel Advisors LLC grew its position in Direxion Daily FTSE China Bull 3X Shares by 6.0% in the 3rd quarter. Parallel Advisors LLC now owns 5,300 shares of the exchange traded fund’s stock valued at $288,000 after acquiring an additional 300 shares during the last quarter. Finally, Corient Private Wealth LLC bought a new position in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at $299,000.
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.