Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Trading 3.2% Higher – What’s Next?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) rose 3.2% during mid-day trading on Tuesday . The stock traded as high as $28.66 and last traded at $28.65. Approximately 2,615,478 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 7,362,829 shares. The stock had previously closed at $27.75.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 4.13 and a beta of 2.93. The stock has a 50-day moving average price of $31.82 and a 200 day moving average price of $27.22.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

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

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.