Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN – Get Free Report) shares shot up 3.2% during mid-day trading on Tuesday . The company traded as high as $28.66 and last traded at $28.65. 2,615,478 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 7,362,829 shares. The stock had previously closed at $27.75.
Direxion Daily FTSE China Bull 3X Shares Price Performance
The firm’s fifty day moving average is $31.36 and its 200 day moving average is $27.25. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 4.13 and a beta of 2.93.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Covestor Ltd bought a new stake in Direxion Daily FTSE China Bull 3X Shares during the third quarter worth approximately $88,000. Gateway Advisory LLC lifted its position in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% during the 2nd quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock worth $402,000 after purchasing an additional 3,000 shares during the last quarter. Strategic Wealth Investment Group LLC bought a new stake in Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at $860,000. Barclays PLC increased its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 6.1% during the 3rd quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock worth $902,000 after purchasing an additional 1,400 shares during the period. Finally, Flow Traders U.S. LLC raised its position in shares of Direxion Daily FTSE China Bull 3X Shares by 131.6% during the third quarter. Flow Traders U.S. LLC now owns 49,987 shares of the exchange traded fund’s stock valued at $1,846,000 after buying an additional 28,404 shares during the last quarter.
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.
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