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

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped up before the market opened on Tuesday . The stock had previously closed at $33.95, but opened at $36.37. Direxion Daily FTSE China Bull 3X Shares shares last traded at $35.98, with a volume of 3,965,354 shares traded.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The stock has a fifty day moving average price of $31.35 and a two-hundred day moving average price of $26.54. The company has a market cap of $1.62 billion, a P/E ratio of 4.13 and a beta of 2.93.

Hedge Funds Weigh In On Direxion Daily FTSE China Bull 3X Shares

Several institutional investors have recently bought and sold shares of YINN. Quadrature Capital Ltd acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the first quarter valued at $281,000. Covestor Ltd acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter valued at about $33,000. Gateway Advisory LLC boosted its position in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% during the 2nd quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock valued at $402,000 after acquiring an additional 3,000 shares in the last quarter. Strategic Wealth Investment Group LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the third quarter worth about $860,000. Finally, Chilton Capital Management LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the first quarter worth about $56,000.

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.