Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Sees Large Volume Increase

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares saw strong trading volume on Tuesday . 3,217,958 shares were traded during trading, a decline of 42% from the previous session’s volume of 5,502,833 shares.The stock last traded at $38.49 and had previously closed at $36.93.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The company has a market capitalization of $1.77 billion, a PE ratio of 4.13 and a beta of 2.93. The stock has a 50-day simple moving average of $22.78 and a 200 day simple moving average of $23.19.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of YINN. Covestor Ltd purchased a new position in Direxion Daily FTSE China Bull 3X Shares during the first quarter worth $33,000. Chilton Capital Management LLC purchased a new position in Direxion Daily FTSE China Bull 3X Shares in the 1st quarter valued at about $56,000. Parallel Advisors LLC boosted its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 34.8% during the 4th 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. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the second quarter worth about $277,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter worth about $281,000.

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.