Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up to $22.23

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares gapped up prior to trading on Friday . The stock had previously closed at $22.23, but opened at $22.76. Direxion Daily FTSE China Bull 3X Shares shares last traded at $22.49, with a volume of 676,521 shares changing hands.

Direxion Daily FTSE China Bull 3X Shares Trading Up 0.6 %

The business’s 50 day moving average price is $25.59 and its two-hundred day moving average price is $20.81. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 4.13 and a beta of 2.93.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in YINN. SCEP Management Ltd bought a new position in Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at approximately $14,460,000. TB Alternative Assets Ltd. raised its holdings in Direxion Daily FTSE China Bull 3X Shares by 261.6% in the 4th quarter. TB Alternative Assets Ltd. now owns 499,800 shares of the exchange traded fund’s stock valued at $10,466,000 after buying an additional 361,600 shares during the last quarter. Viewpoint Capital Management LLC raised its holdings in Direxion Daily FTSE China Bull 3X Shares by 17.3% in the 4th quarter. Viewpoint Capital Management LLC now owns 6,780 shares of the exchange traded fund’s stock valued at $142,000 after buying an additional 1,000 shares during the last quarter. Aveo Capital Partners LLC bought a new position in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at approximately $1,132,000. Finally, IMC Chicago LLC raised its holdings in Direxion Daily FTSE China Bull 3X Shares by 328.0% in the 4th quarter. IMC Chicago LLC now owns 68,647 shares of the exchange traded fund’s stock valued at $1,437,000 after buying an additional 52,609 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.