Stock Traders Buy High Volume of Direxion Daily FTSE China Bull 3X Shares Call Options (NYSEARCA:YINN)

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) was the recipient of unusually large options trading on Friday. Traders bought 39,828 call options on the stock. This represents an increase of 27% compared to the average daily volume of 31,416 call options.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Several institutional investors and hedge funds have recently modified their holdings of the stock. Strategic Wealth Investment Group LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the third quarter worth $860,000. Gateway Advisory LLC grew its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% during the second quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock valued at $402,000 after buying an additional 3,000 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter valued at $281,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the second quarter valued at $277,000. Finally, Chilton Capital Management LLC purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter valued at $56,000.

Direxion Daily FTSE China Bull 3X Shares Trading Down 16.6 %

Shares of NYSEARCA:YINN opened at $32.13 on Friday. Direxion Daily FTSE China Bull 3X Shares has a 12 month low of $13.40 and a 12 month high of $59.26. The company has a 50-day moving average price of $32.36 and a 200 day moving average price of $26.88. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 4.13 and a beta of 2.93.

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.