Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Up 7.4% – Here’s What Happened

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares were up 7.4% on Friday . The company traded as high as $46.73 and last traded at $46.35. 3,874,530 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 7,428,446 shares. The stock had previously closed at $43.15.

Direxion Daily FTSE China Bull 3X Shares Stock Up 3.9 %

The firm has a market capitalization of $2.01 billion, a P/E ratio of 4.13 and a beta of 2.93. The firm’s 50-day simple moving average is $30.44 and its 200-day simple moving average is $29.56.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

A number of hedge funds have recently made changes to their positions in the stock. Formidable Asset Management LLC purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at about $279,000. Cantor Fitzgerald L. P. purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at about $284,000. Raffles Associates LP bought a new stake in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter worth approximately $279,000. Two Sigma Securities LLC purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth approximately $647,000. Finally, Jump Financial LLC grew its position in Direxion Daily FTSE China Bull 3X Shares by 698.0% during the fourth quarter. Jump Financial LLC now owns 238,375 shares of the exchange traded fund’s stock valued at $6,660,000 after acquiring an additional 208,503 shares during the last quarter.

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.