Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Sees Strong Trading Volume

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) saw unusually-high trading volume on Tuesday . Approximately 3,779,917 shares traded hands during mid-day trading, a decline of 26% from the previous session’s volume of 5,119,932 shares.The stock last traded at $30.62 and had previously closed at $25.47.

Direxion Daily FTSE China Bull 3X Shares Stock Up 23.0 %

The business has a 50 day simple moving average of $21.53 and a two-hundred day simple moving average of $22.64. The firm has a market cap of $1.40 billion, a PE ratio of 4.13 and a beta of 2.93.

Hedge Funds Weigh In On Direxion Daily FTSE China Bull 3X Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC grew its position 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 buying an additional 1,615 shares in the last quarter. Covestor Ltd bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth $33,000. Chilton Capital Management LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth $56,000. Gateway Advisory LLC grew its position in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% during the 2nd quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock worth $402,000 after buying an additional 3,000 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 2nd quarter worth $277,000.

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.