JPMorgan Chase & Co. Trims Holdings in Direxion Daily FTSE China Bull 3X Shares $YINN

JPMorgan Chase & Co. lowered its stake in shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) by 25.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 74,675 shares of the exchange traded fund’s stock after selling 26,058 shares during the period. JPMorgan Chase & Co. owned 0.38% of Direxion Daily FTSE China Bull 3X Shares worth $4,054,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Parallel Advisors LLC lifted 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 acquiring an additional 300 shares during the last quarter. Bank of America Corp DE increased its stake in Direxion Daily FTSE China Bull 3X Shares by 34.4% during the second quarter. Bank of America Corp DE now owns 3,128 shares of the exchange traded fund’s stock worth $128,000 after acquiring an additional 800 shares during the last quarter. Ping Capital Management Inc. raised its position in 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 valued at $3,149,000 after purchasing an additional 1,000 shares during the period. Flow Traders U.S. LLC raised its position in 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 valued at $1,159,000 after purchasing an additional 1,152 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the 2nd quarter valued at $226,000.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

NYSEARCA YINN opened at $31.84 on Friday. The stock has a market cap of $706.53 million, a PE ratio of 8.49 and a beta of 0.93. Direxion Daily FTSE China Bull 3X Shares has a twelve month low of $21.41 and a twelve month high of $57.71. The stock has a fifty day simple moving average of $38.38 and a 200-day simple moving average of $44.61.

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.