Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up to $20.27

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped up before the market opened on Wednesday . The stock had previously closed at $20.27, but opened at $21.61. Direxion Daily FTSE China Bull 3X Shares shares last traded at $21.38, with a volume of 685,182 shares changing hands.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The company has a 50-day simple moving average of $23.75 and a 200 day simple moving average of $21.37. The company has a market capitalization of $891.22 million, a P/E ratio of 4.13 and a beta of 2.93.

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

Several large investors have recently made changes to their positions in YINN. Viewpoint Capital Management LLC grew its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 17.3% during the fourth quarter. Viewpoint Capital Management LLC now owns 6,780 shares of the exchange traded fund’s stock worth $142,000 after buying an additional 1,000 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Direxion Daily FTSE China Bull 3X Shares by 34.8% in the fourth quarter. Parallel Advisors LLC now owns 6,250 shares of the exchange traded fund’s stock valued at $131,000 after buying an additional 1,615 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Direxion Daily FTSE China Bull 3X Shares by 159.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,724 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 1,674 shares during the last quarter. Covestor Ltd acquired a new stake in Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth approximately $33,000. Finally, Chilton Capital Management LLC bought a new position in Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth $56,000.

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.