Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up – Should You Buy?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $41.69, but opened at $45.85. Direxion Daily FTSE China Bull 3X Shares shares last traded at $45.92, with a volume of 3,255,087 shares traded.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The company has a fifty day simple moving average of $31.26 and a two-hundred day simple moving average of $30.18. The company has a market capitalization of $2.11 billion, a P/E ratio of 12.60 and a beta of 1.06.

Institutional Investors Weigh In On Direxion Daily FTSE China Bull 3X Shares

A number of large investors have recently added to or reduced their stakes in the stock. TB Alternative Assets Ltd. bought a new stake in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at about $19,162,000. IMC Chicago LLC acquired a new stake in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at approximately $15,845,000. Jump Financial LLC increased its position in Direxion Daily FTSE China Bull 3X Shares by 698.0% in the 4th quarter. Jump Financial LLC now owns 238,375 shares of the exchange traded fund’s stock worth $6,660,000 after buying an additional 208,503 shares during the period. Shengqi Capital Hong Kong Ltd bought a new position in Direxion Daily FTSE China Bull 3X Shares in 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 fourth quarter. Barclays PLC now owns 77,038 shares of the exchange traded fund’s stock worth $2,152,000 after buying an additional 52,600 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.