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

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) was the target of unusually large options trading on Monday. Traders purchased 86,555 call options on the company. This is an increase of approximately 405% compared to the typical daily volume of 17,126 call options.

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

Hedge funds have recently modified their holdings of the business. Parallel Advisors LLC boosted its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 6.0% during the third quarter. Parallel Advisors LLC now owns 5,300 shares of the exchange traded fund’s stock valued at $288,000 after purchasing an additional 300 shares in the last quarter. Bank of America Corp DE raised its stake in Direxion Daily FTSE China Bull 3X Shares by 34.4% in the second quarter. Bank of America Corp DE now owns 3,128 shares of the exchange traded fund’s stock worth $128,000 after buying an additional 800 shares in the last quarter. Ping Capital Management Inc. lifted its holdings in Direxion Daily FTSE China Bull 3X Shares by 1.8% during the third quarter. Ping Capital Management Inc. now owns 58,000 shares of the exchange traded fund’s stock worth $3,149,000 after buying an additional 1,000 shares during the period. Flow Traders U.S. LLC boosted its position in Direxion Daily FTSE China Bull 3X Shares by 5.7% during the 3rd quarter. Flow Traders U.S. LLC now owns 21,349 shares of the exchange traded fund’s stock valued at $1,159,000 after acquiring an additional 1,152 shares in the last quarter. Finally, Sovereign Financial Group Inc. boosted its position in Direxion Daily FTSE China Bull 3X Shares by 30.0% during the 2nd quarter. Sovereign Financial Group Inc. now owns 10,067 shares of the exchange traded fund’s stock valued at $413,000 after acquiring an additional 2,322 shares in the last quarter.

Direxion Daily FTSE China Bull 3X Shares Price Performance

YINN stock opened at $44.09 on Tuesday. Direxion Daily FTSE China Bull 3X Shares has a 1-year low of $21.41 and a 1-year high of $57.71. The business has a 50-day moving average price of $47.00 and a 200 day moving average price of $46.26. The company has a market capitalization of $872.54 million, a P/E ratio of 8.49 and a beta of 0.93.

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.