Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Stock Price Up 7.5%

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s stock price were up 7.5% during mid-day trading on Thursday . The stock traded as high as $23.68 and last traded at $23.44. Approximately 1,113,235 shares were traded during trading, a decline of 78% from the average daily volume of 5,124,608 shares. The stock had previously closed at $21.80.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The firm has a market cap of $1.08 billion, a P/E ratio of 4.13 and a beta of 2.93. The company has a fifty day moving average of $21.50 and a 200-day moving average of $22.51.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Several institutional investors have recently made changes to their positions in YINN. Quadrature Capital Ltd purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter valued at approximately $281,000. Covestor Ltd purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the 1st quarter worth about $33,000. Aveo Capital Partners LLC bought a new position in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at about $1,132,000. HCEP Management Ltd increased its holdings in Direxion Daily FTSE China Bull 3X Shares by 20.0% during the fourth quarter. HCEP Management Ltd now owns 600,000 shares of the exchange traded fund’s stock worth $12,564,000 after buying an additional 100,000 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at about $2,282,000.

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.