Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Sees Large Volume Increase – Time to Buy?

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) saw unusually-high trading volume on Monday . Approximately 12,709,144 shares traded hands during trading, an increase of 75% from the previous session’s volume of 7,278,259 shares.The stock last traded at $35.99 and had previously closed at $29.01.

Direxion Daily FTSE China Bull 3X Shares Stock Down 12.6 %

The stock has a fifty day simple moving average of $33.82 and a 200 day simple moving average of $27.11. The firm has a market capitalization of $1.40 billion, a P/E ratio of 4.13 and a beta of 2.93.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC raised its holdings in Direxion Daily FTSE China Bull 3X Shares by 6.1% during the third quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock valued at $902,000 after acquiring an additional 1,400 shares during the period. Covestor Ltd purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the third quarter valued at about $88,000. Gateway Advisory LLC grew its position in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% during the second quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock valued at $402,000 after purchasing an additional 3,000 shares in the last quarter. Strategic Wealth Investment Group LLC purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the third quarter valued at about $860,000. Finally, Flow Traders U.S. LLC grew its position in shares of Direxion Daily FTSE China Bull 3X Shares by 131.6% during the third quarter. Flow Traders U.S. LLC now owns 49,987 shares of the exchange traded fund’s stock valued at $1,846,000 after purchasing an additional 28,404 shares in the last quarter.

About Direxion Daily FTSE China Bull 3X Shares

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.