Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up to $21.65

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped up before the market opened on Monday . The stock had previously closed at $21.65, but opened at $22.84. Direxion Daily FTSE China Bull 3X Shares shares last traded at $22.91, with a volume of 1,171,811 shares trading hands.

Direxion Daily FTSE China Bull 3X Shares Trading Down 3.4 %

The firm has a market capitalization of $951.17 million, a P/E ratio of 4.13 and a beta of 2.93. The business’s 50 day simple moving average is $25.13 and its two-hundred day simple moving average is $21.26.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter valued at about $33,000. Chilton Capital Management LLC bought a new position in Direxion Daily FTSE China Bull 3X Shares in the first quarter worth approximately $56,000. Tower Research Capital LLC TRC raised its position in Direxion Daily FTSE China Bull 3X Shares by 159.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,724 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 1,674 shares during the period. Parallel Advisors LLC grew its position 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 valued at $131,000 after acquiring an additional 1,615 shares during the period. Finally, Viewpoint Capital Management LLC increased its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 17.3% in the 4th quarter. Viewpoint Capital Management LLC now owns 6,780 shares of the exchange traded fund’s stock worth $142,000 after purchasing an additional 1,000 shares in the last quarter.

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.