Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $24.06, but opened at $25.00. Direxion Daily FTSE China Bull 3X Shares shares last traded at $25.26, with a volume of 921,258 shares traded.
Direxion Daily FTSE China Bull 3X Shares Trading Up 6.1 %
The stock has a market cap of $1.14 billion, a P/E ratio of 4.13 and a beta of 2.93. The firm has a 50-day simple moving average of $21.50 and a two-hundred day simple moving average of $22.58.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Covestor Ltd acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth $33,000. Chilton Capital Management LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth $56,000. Parallel Advisors LLC grew its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 34.8% during the 4th quarter. Parallel Advisors LLC now owns 6,250 shares of the exchange traded fund’s stock worth $131,000 after purchasing an additional 1,615 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 2nd quarter worth $277,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth $281,000.
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.
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