Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN – Get Free Report)’s share price shot up 7.2% during mid-day trading on Friday . The company traded as high as $49.21 and last traded at $48.41. 3,066,100 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 6,939,630 shares. The stock had previously closed at $45.15.
Direxion Daily FTSE China Bull 3X Shares Price Performance
The company has a market cap of $2.21 billion, a P/E ratio of 12.60 and a beta of 1.06. The stock’s 50-day moving average price is $34.93 and its 200-day moving average price is $31.89.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the business. 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 bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth approximately $15,845,000. Jump Financial LLC lifted its holdings 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 acquiring an additional 208,503 shares during the period. Shengqi Capital Hong Kong Ltd bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth approximately $5,681,000. Finally, Barclays PLC lifted its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 215.2% during the 4th quarter. Barclays PLC now owns 77,038 shares of the exchange traded fund’s stock worth $2,152,000 after acquiring an additional 52,600 shares during the period.
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.
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