Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Trading Up 6%

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s stock price shot up 6% on Friday . The stock traded as high as $26.57 and last traded at $26.32. 1,649,848 shares changed hands during trading, a decline of 72% from the average session volume of 5,884,532 shares. The stock had previously closed at $24.84.

Direxion Daily FTSE China Bull 3X Shares Stock Up 3.4 %

The firm has a market cap of $1.15 billion, a PE ratio of 4.13 and a beta of 2.93. The firm’s fifty day simple moving average is $25.83 and its two-hundred day simple moving average is $21.05.

Hedge Funds Weigh In On Direxion Daily FTSE China Bull 3X Shares

Several hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the second quarter worth $277,000. Quadrature Capital Ltd purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the first quarter worth $281,000. Covestor Ltd purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the first quarter worth $33,000. Chilton Capital Management LLC purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the first quarter worth $56,000. Finally, Viewpoint Capital Management LLC lifted its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 218.0% in the first 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.

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.