Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up – Here’s What Happened

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s share price gapped up prior to trading on Friday . The stock had previously closed at $32.04, but opened at $35.29. Direxion Daily FTSE China Bull 3X Shares shares last traded at $34.81, with a volume of 2,349,807 shares traded.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The stock has a 50 day simple moving average of $37.59 and a 200-day simple moving average of $33.32. The firm has a market cap of $1.32 billion, a PE ratio of 7.15 and a beta of 0.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in YINN. Barclays PLC increased its holdings in Direxion Daily FTSE China Bull 3X Shares by 6.1% in the 3rd quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock worth $902,000 after buying an additional 1,400 shares in the last quarter. Bank of Montreal Can purchased a new position in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at approximately $40,000. Signature Resources Capital Management LLC bought a new position in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter worth $65,000. Viewpoint Capital Management LLC boosted its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 50.8% in the fourth quarter. Viewpoint Capital Management LLC now owns 20,780 shares of the exchange traded fund’s stock worth $581,000 after acquiring an additional 7,000 shares during the period. Finally, Sovereign Financial Group Inc. purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the 1st quarter valued at approximately $321,000.

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.