Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up to $21.28

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $21.28, but opened at $22.06. Direxion Daily FTSE China Bull 3X Shares shares last traded at $22.43, with a volume of 725,338 shares trading hands.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The firm has a market cap of $994.12 million, a price-to-earnings ratio of 4.13 and a beta of 2.93. The business’s 50-day moving average price is $21.61 and its two-hundred day moving average price is $22.44.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in YINN. Covestor Ltd acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the 1st quarter valued at approximately $33,000. Chilton Capital Management LLC acquired a new stake in Direxion Daily FTSE China Bull 3X Shares during the first quarter valued at $56,000. Parallel Advisors LLC grew its stake in Direxion Daily FTSE China Bull 3X Shares by 34.8% in the fourth quarter. Parallel Advisors LLC now owns 6,250 shares of the exchange traded fund’s stock valued at $131,000 after purchasing an additional 1,615 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the 2nd quarter worth about $277,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth about $281,000.

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.