Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Trading Up 5.3% – Time to Buy?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares traded up 5.3% during mid-day trading on Tuesday . The company traded as high as $40.20 and last traded at $40.47. 3,028,542 shares were traded during trading, a decline of 60% from the average session volume of 7,528,653 shares. The stock had previously closed at $38.45.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The company’s 50 day simple moving average is $32.39 and its 200-day simple moving average is $30.78. The firm has a market capitalization of $1.83 billion, a PE ratio of 12.60 and a beta of 1.06.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Large investors have recently modified their holdings of the business. Barclays PLC lifted its position in 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 valued at $902,000 after acquiring an additional 1,400 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth $40,000. Signature Resources Capital Management LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at $65,000. Covestor Ltd purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the third quarter valued at $88,000. Finally, Viewpoint Capital Management LLC increased its holdings in Direxion Daily FTSE China Bull 3X Shares by 50.8% in the 4th quarter. Viewpoint Capital Management LLC now owns 20,780 shares of the exchange traded fund’s stock worth $581,000 after buying an additional 7,000 shares in the last quarter.

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.