Direxion Daily FTSE China Bull 3X ETF (NYSEARCA:YINN) Sees Unusually-High Trading Volume – Here’s What Happened

Direxion Daily FTSE China Bull 3X ETF (NYSEARCA:YINN) saw unusually-high trading volume on Thursday. 2,138,403 shares were traded during trading, an increase of 12% from the average daily volume of 1,904,752 shares. The stock last traded at $26.3160 and had previously closed at $25.64.

Direxion Daily FTSE China Bull 3X ETF Price Performance

The firm has a market capitalization of $655.32 million, a price-to-earnings ratio of 8.49 and a beta of 0.97. The firm has a 50 day moving average price of $25.33 and a 200-day moving average price of $31.37.

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

A number of institutional investors and hedge funds have recently modified their holdings of YINN. Parallel Advisors LLC lifted its stake in Direxion Daily FTSE China Bull 3X ETF by 25.2% during the third quarter. Parallel Advisors LLC now owns 7,100 shares of the exchange traded fund’s stock worth $177,000 after purchasing an additional 1,430 shares during the last quarter. SBI Securities Co. Ltd. raised its position in Direxion Daily FTSE China Bull 3X ETF by 28.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 7,595 shares of the exchange traded fund’s stock valued at $189,000 after purchasing an additional 1,705 shares during the last quarter. IMC Chicago LLC acquired a new stake in Direxion Daily FTSE China Bull 3X ETF during the 1st quarter worth $560,000. Finally, Group One Trading LLC acquired a new stake in Direxion Daily FTSE China Bull 3X ETF during the 1st quarter worth approximately $1,266,000.

Direxion Daily FTSE China Bull 3X ETF 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.