Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Sees Large Volume Increase

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) saw an uptick in trading volume on Tuesday . 3,217,958 shares changed hands during trading, a decline of 42% from the previous session’s volume of 5,502,833 shares.The stock last traded at $38.49 and had previously closed at $36.93.

Direxion Daily FTSE China Bull 3X Shares Stock Up 7.0 %

The company has a 50 day moving average of $22.78 and a 200-day moving average of $23.19. The stock has a market capitalization of $1.77 billion, a P/E ratio of 4.13 and a beta of 2.93.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the 1st quarter valued at approximately $33,000. Chilton Capital Management LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter valued at $56,000. Parallel Advisors LLC increased its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 34.8% in the 4th quarter. Parallel Advisors LLC now owns 6,250 shares of the exchange traded fund’s stock worth $131,000 after acquiring an additional 1,615 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Direxion Daily FTSE China Bull 3X Shares in the 2nd quarter valued at about $277,000. Finally, Quadrature Capital Ltd acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the 1st quarter valued at about $281,000.

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.