Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up to $22.21

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped up prior to trading on Tuesday . The stock had previously closed at $22.21, but opened at $23.08. Direxion Daily FTSE China Bull 3X Shares shares last traded at $22.96, with a volume of 670,460 shares traded.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The stock has a market capitalization of $1.02 billion, a PE ratio of 4.13 and a beta of 2.93. The company has a 50 day moving average price of $22.34 and a 200-day moving average price of $22.07.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Aveo Capital Partners LLC bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 4th quarter worth $1,132,000. IMC Chicago LLC increased its position in shares of Direxion Daily FTSE China Bull 3X Shares by 328.0% during the 4th quarter. IMC Chicago LLC now owns 68,647 shares of the exchange traded fund’s stock valued at $1,437,000 after purchasing an additional 52,609 shares during the last quarter. Parallel Advisors LLC raised its position in Direxion Daily FTSE China Bull 3X Shares by 34.8% in the fourth quarter. Parallel Advisors LLC now owns 6,250 shares of the exchange traded fund’s stock worth $131,000 after acquiring an additional 1,615 shares during the period. Tower Research Capital LLC TRC lifted its position in Direxion Daily FTSE China Bull 3X Shares by 159.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,724 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 1,674 shares in the last quarter. Finally, Himension Capital Singapore PTE. LTD. bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth about $3,383,000.

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.