Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up – Time to Buy?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $34.68, but opened at $35.68. Direxion Daily FTSE China Bull 3X Shares shares last traded at $35.20, with a volume of 3,172,695 shares trading hands.

Direxion Daily FTSE China Bull 3X Shares Trading Down 1.9 %

The company’s 50-day moving average is $29.49 and its 200 day moving average is $25.66. The firm has a market cap of $1.51 billion, a PE ratio of 4.13 and a beta of 2.93.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

A number of hedge funds have recently modified their holdings of YINN. Covestor Ltd purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the 1st quarter worth approximately $33,000. Chilton Capital Management LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the 1st quarter worth about $56,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 2nd quarter worth about $277,000. Quadrature Capital Ltd acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter valued at about $281,000. Finally, Gateway Advisory LLC grew its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% in the 2nd quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock valued at $402,000 after buying an additional 3,000 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.