Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $42.73, but opened at $45.05. Direxion Daily FTSE China Bull 3X Shares shares last traded at $44.25, with a volume of 1,274,829 shares.
Direxion Daily FTSE China Bull 3X Shares Price Performance
The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 12.60 and a beta of 1.06. The company’s 50-day simple moving average is $34.55 and its 200-day simple moving average is $31.80.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of Montreal Can acquired a new stake in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at about $40,000. Signature Resources Capital Management LLC acquired a new stake in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth approximately $65,000. Covestor Ltd bought a new stake in Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter worth approximately $88,000. Raffles Associates LP bought a new position in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth $279,000. Finally, Formidable Asset Management LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth about $279,000.
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.
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