Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Sees Strong Trading Volume – Still a Buy?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares saw unusually-high trading volume on Tuesday . Approximately 7,506,792 shares were traded during trading, an increase of 3% from the previous session’s volume of 7,288,348 shares.The stock last traded at $41.01 and had previously closed at $40.83.

Direxion Daily FTSE China Bull 3X Shares Trading Up 1.9 %

The company has a market capitalization of $1.86 billion, a P/E ratio of 4.13 and a beta of 2.93. The firm’s 50 day moving average price is $29.77 and its two-hundred day moving average price is $29.23.

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

A number of large investors have recently modified their holdings of YINN. TB Alternative Assets Ltd. acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth approximately $19,162,000. IMC Chicago LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth about $15,845,000. Jump Financial LLC lifted its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 698.0% during the 4th quarter. Jump Financial LLC now owns 238,375 shares of the exchange traded fund’s stock worth $6,660,000 after buying an additional 208,503 shares during the last quarter. Shengqi Capital Hong Kong Ltd bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth about $5,681,000. Finally, Barclays PLC grew its stake in Direxion Daily FTSE China Bull 3X Shares by 215.2% in the 4th quarter. Barclays PLC now owns 77,038 shares of the exchange traded fund’s stock valued at $2,152,000 after buying an additional 52,600 shares during 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.