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

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $42.59, but opened at $46.37. Direxion Daily FTSE China Bull 3X Shares shares last traded at $46.94, with a volume of 803,568 shares changing hands.

Direxion Daily FTSE China Bull 3X Shares Stock Up 12.0%

The stock has a market capitalization of $944.38 million, a PE ratio of 8.49 and a beta of 0.93. The stock’s 50 day moving average price is $46.10 and its 200-day moving average price is $46.42.

Institutional Inflows and Outflows

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

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.