Direxion Daily FTSE China Bull 3X Shares Target of Unusually High Options Trading (NYSEARCA:YINN)

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 202,952 call options on the company. This is an increase of 981% compared to the typical volume of 18,775 call options.

Direxion Daily FTSE China Bull 3X Shares Trading Down 30.5 %

NYSEARCA:YINN opened at $40.73 on Wednesday. The stock has a 50-day moving average price of $25.65 and a 200 day moving average price of $24.27. The stock has a market capitalization of $1.82 billion, a P/E ratio of 4.13 and a beta of 2.93. Direxion Daily FTSE China Bull 3X Shares has a 12-month low of $13.40 and a 12-month high of $59.26.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Hedge funds have recently bought and sold shares of the stock. HCEP Management Ltd boosted its position in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% during the 4th quarter. HCEP Management Ltd now owns 600,000 shares of the exchange traded fund’s stock valued at $12,564,000 after acquiring an additional 100,000 shares during the last quarter. Virtu Financial LLC purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at $2,282,000. Sanders Morris Harris LLC bought a new position in Direxion Daily FTSE China Bull 3X Shares during the first quarter valued at $1,073,000. Viewpoint Capital Management LLC grew its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 218.0% in the 1st quarter. Viewpoint Capital Management LLC now owns 21,560 shares of the exchange traded fund’s stock worth $424,000 after buying an additional 14,780 shares in the last quarter. Finally, Gateway Advisory LLC grew its stake in shares of 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 worth $402,000 after buying an additional 3,000 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.