Direxion Daily FTSE China Bull 3X ETF (NYSEARCA:YINN) Stock Breaks Above Fifty Day Moving Average – Should You Sell?

Direxion Daily FTSE China Bull 3X ETF (NYSEARCA:YINN) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $25.33 and traded as high as $25.87. Direxion Daily FTSE China Bull 3X ETF shares last traded at $25.64, with a volume of 5,119,097 shares.

Direxion Daily FTSE China Bull 3X ETF Stock Up 12.8%

The firm has a market cap of $642.03 million, a PE ratio of 8.49 and a beta of 0.97. The stock has a 50 day moving average price of $25.33 and a two-hundred day moving average price of $31.37.

Institutional Trading of Direxion Daily FTSE China Bull 3X ETF

Several large investors have recently bought and sold shares of YINN. Parallel Advisors LLC increased its stake in Direxion Daily FTSE China Bull 3X ETF by 25.2% during the 3rd quarter. Parallel Advisors LLC now owns 7,100 shares of the exchange traded fund’s stock valued at $177,000 after purchasing an additional 1,430 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Direxion Daily FTSE China Bull 3X ETF by 28.9% in the third quarter. SBI Securities Co. Ltd. now owns 7,595 shares of the exchange traded fund’s stock worth $189,000 after buying an additional 1,705 shares during the last quarter. IMC Chicago LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X ETF during the first quarter worth $560,000. Finally, Group One Trading LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X ETF during the first quarter worth $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.