Direxion Daily FTSE China Bull 3X Shares Sees Unusually High Options Volume (NYSEARCA:YINN)

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) saw unusually large options trading activity on Tuesday. Traders acquired 20,767 call options on the stock. This represents an increase of 89% compared to the average volume of 11,006 call options.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Covestor Ltd acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth about $33,000. Chilton Capital Management LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth about $56,000. Parallel Advisors LLC increased its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 34.8% during the 4th quarter. Parallel Advisors LLC now owns 6,250 shares of the exchange traded fund’s stock worth $131,000 after purchasing an additional 1,615 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 2nd quarter worth about $277,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth about $281,000.

Direxion Daily FTSE China Bull 3X Shares Stock Up 19.7 %

YINN traded up $5.01 during trading on Tuesday, hitting $30.48. The company had a trading volume of 7,679,164 shares, compared to its average volume of 5,141,124. The company has a market capitalization of $1.36 billion, a PE ratio of 4.13 and a beta of 2.93. Direxion Daily FTSE China Bull 3X Shares has a one year low of $13.40 and a one year high of $33.69. The firm’s 50-day moving average price is $21.53 and its 200 day moving average price is $22.64.

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.