Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Trading Up 5.3% – Here’s Why

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) traded up 5.3% during trading on Tuesday . The stock traded as high as $40.20 and last traded at $40.47. 3,028,542 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 7,528,653 shares. The stock had previously closed at $38.45.

Direxion Daily FTSE China Bull 3X Shares Stock Up 4.4 %

The stock’s 50 day moving average price is $32.39 and its two-hundred day moving average price is $30.78. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 12.60 and a beta of 1.06.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

A number of hedge funds have recently modified their holdings of YINN. TB Alternative Assets Ltd. purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter worth $19,162,000. IMC Chicago LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth about $15,845,000. Jump Financial LLC boosted its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 698.0% during the 4th quarter. Jump Financial LLC now owns 238,375 shares of the exchange traded fund’s stock worth $6,660,000 after acquiring an additional 208,503 shares in the last quarter. Shengqi Capital Hong Kong Ltd acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at about $5,681,000. Finally, Barclays PLC increased its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 215.2% in the 4th quarter. Barclays PLC now owns 77,038 shares of the exchange traded fund’s stock valued at $2,152,000 after purchasing an additional 52,600 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.