Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up to $21.28

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $21.28, but opened at $22.06. Direxion Daily FTSE China Bull 3X Shares shares last traded at $22.43, with a volume of 725,338 shares trading hands.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The firm has a 50 day moving average of $21.54 and a 200-day moving average of $22.46. The stock has a market capitalization of $975.33 million, a PE ratio of 4.13 and a beta of 2.93.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in YINN. Himension Capital Singapore PTE. LTD. purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at $3,383,000. 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. HCEP Management Ltd increased its position in Direxion Daily FTSE China Bull 3X Shares by 20.0% in the 4th quarter. HCEP Management Ltd now owns 600,000 shares of the exchange traded fund’s stock worth $12,564,000 after purchasing an additional 100,000 shares during the last quarter. Sanders Morris Harris LLC purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth about $1,073,000. Finally, Aveo Capital Partners LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at about $1,132,000.

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.