Viewpoint Capital Management LLC Raises Stock Position in Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)

Viewpoint Capital Management LLC lifted its holdings in Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) by 50.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,780 shares of the exchange traded fund’s stock after acquiring an additional 7,000 shares during the period. Viewpoint Capital Management LLC’s holdings in Direxion Daily FTSE China Bull 3X Shares were worth $581,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in YINN. Barclays PLC boosted its stake 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 valued at $902,000 after buying an additional 1,400 shares during the last quarter. IMC Chicago LLC purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at $15,845,000. Strategic Wealth Investment Group LLC purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter worth $860,000. Covestor Ltd bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at about $88,000. Finally, Signature Resources Capital Management LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at approximately $65,000.

Direxion Daily FTSE China Bull 3X Shares Stock Down 2.8 %

Shares of YINN opened at $35.26 on Wednesday. The business has a fifty day moving average of $28.90 and a 200 day moving average of $28.61. The company has a market cap of $1.58 billion, a PE ratio of 4.13 and a beta of 2.93. Direxion Daily FTSE China Bull 3X Shares has a 52-week low of $15.41 and a 52-week high of $59.26.

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.