Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up to $20.50

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $20.50, but opened at $21.50. Direxion Daily FTSE China Bull 3X Shares shares last traded at $21.47, with a volume of 2,134,302 shares trading hands.

Direxion Daily FTSE China Bull 3X Shares Stock Up 2.3 %

The firm has a market capitalization of $1.11 billion, a P/E ratio of 3.38 and a beta of 3.00. The firm’s 50-day simple moving average is $19.09 and its 200-day simple moving average is $20.70.

Institutional Investors Weigh In On Direxion Daily FTSE China Bull 3X Shares

Several hedge funds have recently bought and sold shares of YINN. WT Asset Management Ltd bought a new stake in Direxion Daily FTSE China Bull 3X Shares during the third quarter valued at approximately $1,446,000. Barclays PLC lifted its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 3,594.5% in the 3rd quarter. Barclays PLC now owns 20,098 shares of the exchange traded fund’s stock worth $581,000 after acquiring an additional 19,554 shares during the last quarter. Pathstone Family Office LLC bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter worth approximately $567,000. SCEP Management Ltd bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter worth approximately $14,460,000. Finally, TB Alternative Assets Ltd. lifted its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 261.6% in the 4th quarter. TB Alternative Assets Ltd. now owns 499,800 shares of the exchange traded fund’s stock worth $10,466,000 after acquiring an additional 361,600 shares during the last quarter.

About Direxion Daily FTSE China Bull 3X Shares

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.