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

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped up prior to trading on Tuesday . The stock had previously closed at $23.38, but opened at $25.05. Direxion Daily FTSE China Bull 3X Shares shares last traded at $25.01, with a volume of 2,277,463 shares trading hands.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The business has a 50 day moving average of $28.66 and a 200 day moving average of $27.64. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 4.13 and a beta of 2.93.

Hedge Funds Weigh In On 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. Covestor Ltd bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the third quarter worth about $88,000. Gateway Advisory LLC raised its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% in the second quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock valued at $402,000 after purchasing an additional 3,000 shares during the last quarter. Strategic Wealth Investment Group LLC bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the third quarter worth $860,000. Barclays PLC boosted its holdings in Direxion Daily FTSE China Bull 3X Shares by 6.1% during the third 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 during the last quarter. Finally, Flow Traders U.S. LLC grew its position in Direxion Daily FTSE China Bull 3X Shares by 131.6% in the third quarter. Flow Traders U.S. LLC now owns 49,987 shares of the exchange traded fund’s stock valued at $1,846,000 after purchasing an additional 28,404 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.