Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up to $24.85

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINNGet Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $24.85, but opened at $25.54. Direxion Daily FTSE China Bull 3X Shares shares last traded at $25.60, with a volume of 813,931 shares changing hands.

Direxion Daily FTSE China Bull 3X Shares Trading Up 2.4 %

The business’s 50-day simple moving average is $23.98 and its two-hundred day simple moving average is $20.71. The company has a market capitalization of $1.16 billion, a PE ratio of 4.13 and a beta of 2.93.

Hedge Funds Weigh In On Direxion Daily FTSE China Bull 3X Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YINN. Covestor Ltd bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter worth about $33,000. Chilton Capital Management LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter worth about $56,000. Tower Research Capital LLC TRC lifted its position in shares of Direxion Daily FTSE China Bull 3X Shares by 159.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,724 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 1,674 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Direxion Daily FTSE China Bull 3X Shares by 34.8% during the fourth quarter. Parallel Advisors LLC now owns 6,250 shares of the exchange traded fund’s stock worth $131,000 after purchasing an additional 1,615 shares during the last quarter. Finally, Viewpoint Capital Management LLC lifted its position in shares of Direxion Daily FTSE China Bull 3X Shares by 17.3% during the fourth quarter. Viewpoint Capital Management LLC now owns 6,780 shares of the exchange traded fund’s stock worth $142,000 after purchasing an additional 1,000 shares during the last quarter.

About Direxion Daily FTSE China Bull 3X Shares

(Get Free Report)

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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