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 share price gapped up before the market opened on Friday . The stock had previously closed at $28.06, but opened at $29.40. Direxion Daily FTSE China Bull 3X Shares shares last traded at $29.34, with a volume of 2,665,475 shares.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 4.13 and a beta of 2.93. The company’s fifty day simple moving average is $34.03 and its two-hundred day simple moving average is $27.11.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in YINN. Gateway Advisory LLC raised 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 worth $402,000 after buying an additional 3,000 shares in the last quarter. Strategic Wealth Investment Group LLC bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter worth about $860,000. Covestor Ltd bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter worth about $88,000. Flow Traders U.S. LLC raised its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 131.6% in the 3rd quarter. Flow Traders U.S. LLC now owns 49,987 shares of the exchange traded fund’s stock worth $1,846,000 after purchasing an additional 28,404 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 6.1% in the 3rd quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock worth $902,000 after purchasing an additional 1,400 shares in the last quarter.

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.