Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Sees Strong Trading Volume

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) saw strong trading volume on Tuesday . 3,779,917 shares were traded during trading, a decline of 26% from the previous session’s volume of 5,119,932 shares.The stock last traded at $30.62 and had previously closed at $25.47.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The company has a fifty day moving average of $21.53 and a two-hundred day moving average of $22.64. The company has a market cap of $1.40 billion, a PE ratio of 4.13 and a beta of 2.93.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Aveo Capital Partners LLC purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth $1,132,000. Parallel Advisors LLC increased its stake in Direxion Daily FTSE China Bull 3X Shares by 34.8% in the fourth 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 during the period. Himension Capital Singapore PTE. LTD. purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth $3,383,000. HCEP Management Ltd increased its stake in Direxion Daily FTSE China Bull 3X Shares by 20.0% in the fourth 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 period. Finally, Virtu Financial LLC purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth $2,282,000.

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.