Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up to $21.28

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped up prior to trading on Tuesday . The stock had previously closed at $21.28, but opened at $22.06. Direxion Daily FTSE China Bull 3X Shares shares last traded at $22.43, with a volume of 725,338 shares changing hands.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The firm has a market capitalization of $994.12 million, a price-to-earnings ratio of 4.13 and a beta of 2.93. The business’s 50 day moving average is $21.61 and its 200-day moving average is $22.44.

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

Several large investors have recently added to or reduced their stakes in the company. Covestor Ltd bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter valued at approximately $33,000. Chilton Capital Management LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the first quarter valued at about $56,000. Parallel Advisors LLC raised its position in Direxion Daily FTSE China Bull 3X Shares by 34.8% in the 4th quarter. Parallel Advisors LLC now owns 6,250 shares of the exchange traded fund’s stock valued at $131,000 after purchasing an additional 1,615 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the 2nd quarter worth about $277,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the first quarter valued at approximately $281,000.

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.