Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Trading 3.5% Higher

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) traded up 3.5% during trading on Monday . The stock traded as high as $23.14 and last traded at $23.14. 351,040 shares were traded during trading, a decline of 94% from the average session volume of 6,039,116 shares. The stock had previously closed at $22.36.

Direxion Daily FTSE China Bull 3X Shares Stock Up 4.0 %

The firm has a 50 day moving average of $25.71 and a 200 day moving average of $20.85. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 4.13 and a beta of 2.93.

Institutional Investors Weigh In On Direxion Daily FTSE China Bull 3X Shares

A number of hedge funds have recently added to or reduced their stakes in the company. Viewpoint Capital Management LLC grew its stake in Direxion Daily FTSE China Bull 3X Shares by 17.3% in the fourth quarter. Viewpoint Capital Management LLC now owns 6,780 shares of the exchange traded fund’s stock valued at $142,000 after acquiring an additional 1,000 shares during the period. Parallel Advisors LLC grew its stake in 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 acquiring an additional 1,615 shares during the period. Tower Research Capital LLC TRC grew its stake in Direxion Daily FTSE China Bull 3X Shares by 159.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,724 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 1,674 shares during the period. Covestor Ltd acquired a new stake in Direxion Daily FTSE China Bull 3X Shares in the first quarter valued at approximately $33,000. Finally, Chilton Capital Management LLC acquired a new stake in Direxion Daily FTSE China Bull 3X Shares in the first quarter valued at approximately $56,000.

Direxion Daily FTSE China Bull 3X Shares Company Profile

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.