Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Trading 6.6% Higher – Here’s Why

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s share price were up 6.6% on Friday . The company traded as high as $29.82 and last traded at $29.59. Approximately 5,552,456 shares changed hands during trading, a decline of 9% from the average daily volume of 6,114,194 shares. The stock had previously closed at $27.75.

Direxion Daily FTSE China Bull 3X Shares Trading Up 7.4 %

The company has a market cap of $1.33 billion, a price-to-earnings ratio of 4.13 and a beta of 2.93. The stock’s 50-day moving average is $27.84 and its 200-day moving average is $27.77.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Signature Resources Capital Management LLC purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at approximately $65,000. Covestor Ltd bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter worth $88,000. Strategic Wealth Investment Group LLC purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the third quarter valued at about $860,000. Barclays PLC raised its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 6.1% in the third quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock valued at $902,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Flow Traders U.S. LLC lifted its position in shares of Direxion Daily FTSE China Bull 3X Shares by 131.6% during the third quarter. Flow Traders U.S. LLC now owns 49,987 shares of the exchange traded fund’s stock valued at $1,846,000 after purchasing an additional 28,404 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.