Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Down 6.8%

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares fell 6.8% during trading on Thursday . The company traded as low as $17.34 and last traded at $17.47, 7,344,356 shares traded hands during mid-day trading. An increase of 208% from the average session volume of 2,385,875 shares. The stock had previously closed at $18.75.

The firm has a 50 day simple moving average of $20.37.

Institutional investors and hedge funds have recently bought and sold shares of the company. Hillsdale Investment Management Inc. grew its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 251.9% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 2,794 shares of the exchange traded fund’s stock worth $60,000 after acquiring an additional 2,000 shares during the last quarter. XR Securities LLC grew its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 31.4% in the 2nd quarter. XR Securities LLC now owns 31,142 shares of the exchange traded fund’s stock worth $666,000 after acquiring an additional 7,439 shares during the last quarter. U S Global Investors Inc. acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the 1st quarter worth $266,000. Virtu Financial LLC grew its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 30.8% in the 1st quarter. Virtu Financial LLC now owns 41,197 shares of the exchange traded fund’s stock worth $996,000 after acquiring an additional 9,692 shares during the last quarter. Finally, Traynor Capital Management Inc. acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the 1st quarter worth $313,000.

About Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)

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.

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