TB Alternative Assets Ltd. Buys New Shares in Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)

TB Alternative Assets Ltd. purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 685,812 shares of the exchange traded fund’s stock, valued at approximately $19,162,000. Direxion Daily FTSE China Bull 3X Shares comprises approximately 4.9% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 4th largest holding. TB Alternative Assets Ltd. owned about 1.53% of Direxion Daily FTSE China Bull 3X Shares at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC boosted its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 6.1% in the 3rd quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock valued at $902,000 after purchasing an additional 1,400 shares in the last quarter. Flow Traders U.S. LLC boosted its position in 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 period. Covestor Ltd bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the third quarter valued at about $88,000. Strategic Wealth Investment Group LLC purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the third quarter worth about $860,000. Finally, Gateway Advisory LLC lifted its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% in the 2nd quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock valued at $402,000 after acquiring an additional 3,000 shares during the last quarter.

Direxion Daily FTSE China Bull 3X Shares Stock Up 5.6 %

Shares of YINN opened at $27.36 on Tuesday. The stock has a market capitalization of $1.22 billion, a P/E ratio of 4.13 and a beta of 2.93. Direxion Daily FTSE China Bull 3X Shares has a twelve month low of $13.40 and a twelve month high of $59.26. The firm has a fifty day simple moving average of $27.94 and a two-hundred day simple moving average of $27.72.

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.