Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN – Get Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $47.46, but opened at $49.74. Direxion Daily FTSE China Bull 3X Shares shares last traded at $49.2360, with a volume of 1,120,325 shares changing hands.
Direxion Daily FTSE China Bull 3X Shares Stock Performance
The business’s 50-day simple moving average is $45.20 and its 200-day simple moving average is $47.26. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 8.49 and a beta of 0.93.
Hedge Funds Weigh In On Direxion Daily FTSE China Bull 3X Shares
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YINN. JPMorgan Chase & Co. bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 2nd quarter valued at about $4,128,000. Jump Financial LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the third quarter worth $4,255,000. Ping Capital Management Inc. increased its holdings in Direxion Daily FTSE China Bull 3X Shares by 1.8% during the 3rd quarter. Ping Capital Management Inc. now owns 58,000 shares of the exchange traded fund’s stock worth $3,149,000 after purchasing an additional 1,000 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at about $2,935,000. Finally, Optiver Holding B.V. acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at about $2,076,000.
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.
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