Direxion Daily FTSE China Bull 3X Shares Sees Unusually Large Options Volume (NYSEARCA:YINN)

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) was the target of some unusual options trading activity on Monday. Stock traders acquired 55,418 call options on the stock. This is an increase of 50% compared to the typical volume of 36,872 call options.

Direxion Daily FTSE China Bull 3X Shares Stock Down 26.3 %

Shares of YINN stock traded down $8.30 during trading on Monday, reaching $23.22. 22,740,627 shares of the company’s stock were exchanged, compared to its average volume of 7,140,455. Direxion Daily FTSE China Bull 3X Shares has a twelve month low of $17.81 and a twelve month high of $59.26. The stock has a market capitalization of $862.47 million, a PE ratio of 9.13 and a beta of 0.88. The firm’s fifty day moving average price is $40.64 and its 200-day moving average price is $34.60.

Direxion Daily FTSE China Bull 3X Shares Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a dividend of $0.1149 per share. This is an increase from Direxion Daily FTSE China Bull 3X Shares’s previous dividend of $0.03. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in YINN. Bank of Montreal Can acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 4th quarter worth about $40,000. Signature Resources Capital Management LLC purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter worth about $65,000. Raffles Associates LP purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the 4th quarter worth about $279,000. Formidable Asset Management LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at about $279,000. Finally, Cantor Fitzgerald L. P. purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at $284,000.

About Direxion Daily FTSE China Bull 3X Shares

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.