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

Posted by Brian Himes on Apr 6th, 2025

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN – Get Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $39.32, but opened at $32.90. Direxion Daily FTSE China Bull 3X Shares shares last traded at $32.26, with a volume of 5,277,746 shares changing hands.

Direxion Daily FTSE China Bull 3X Shares Trading Down 19.8 %

The firm has a fifty day moving average of $40.64 and a 200 day moving average of $34.51. The company has a market capitalization of $1.17 billion, a P/E ratio of 9.13 and a beta of 0.88.

Direxion Daily FTSE China Bull 3X Shares Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a $0.1149 dividend. The ex-dividend date was Tuesday, March 25th. This is a positive change from Direxion Daily FTSE China Bull 3X Shares’s previous dividend of $0.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at $40,000. Signature Resources Capital Management LLC purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at $65,000. Raffles Associates LP bought a new position in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at about $279,000. Formidable Asset Management LLC purchased a new position in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth about $279,000. Finally, Cantor Fitzgerald L. P. purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at about $284,000.

About Direxion Daily FTSE China Bull 3X Shares

(Get Free Report)

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.