Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up to $17.90

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $17.90, but opened at $18.58. Direxion Daily FTSE China Bull 3X Shares shares last traded at $18.65, with a volume of 1,217,484 shares trading hands.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The firm’s fifty day moving average price is $18.61 and its 200-day moving average price is $20.94. The firm has a market capitalization of $942.13 million, a P/E ratio of 3.38 and a beta of 3.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in YINN. JPMorgan Chase & Co. boosted its holdings in Direxion Daily FTSE China Bull 3X Shares by 123.0% during the first quarter. JPMorgan Chase & Co. now owns 200,690 shares of the exchange traded fund’s stock worth $927,000 after buying an additional 110,682 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the 1st quarter worth approximately $29,000. AJ Wealth Strategies LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the 1st quarter worth approximately $192,000. UBS Group AG boosted its stake in Direxion Daily FTSE China Bull 3X Shares by 9,825.8% in the 1st quarter. UBS Group AG now owns 234,448 shares of the exchange traded fund’s stock worth $1,084,000 after purchasing an additional 232,086 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the 1st quarter worth approximately $93,000.

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.