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

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) was the recipient of some unusual options trading on Friday. Traders bought 225,965 call options on the stock. This is an increase of 399% compared to the typical volume of 45,266 call options.

Direxion Daily FTSE China Bull 3X Shares Trading Down 8.7 %

Shares of YINN stock opened at $23.11 on Friday. Direxion Daily FTSE China Bull 3X Shares has a twelve month low of $13.40 and a twelve month high of $59.26. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 4.13 and a beta of 2.93. The company’s 50-day moving average price is $28.87 and its 200-day moving average price is $27.58.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Flow Traders U.S. LLC grew its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 131.6% in 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 in the last quarter. Strategic Wealth Investment Group LLC purchased a new position in Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter valued at about $860,000. Gateway Advisory LLC grew its position in 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 in the last quarter. Covestor Ltd purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the third quarter worth about $88,000. Finally, Barclays PLC lifted its position in shares of Direxion Daily FTSE China Bull 3X Shares by 6.1% during the third quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock worth $902,000 after purchasing an additional 1,400 shares in the last quarter.

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.