Investors Buy High Volume of Direxion Daily FTSE China Bull 3X Shares Call Options (NYSEARCA:YINN)

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) was the target of unusually large options trading on Friday. Investors bought 225,965 call options on the company. This is an increase of 399% compared to the typical volume of 45,266 call options.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Covestor Ltd purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the third quarter valued at $88,000. Gateway Advisory LLC increased its position in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% during the second quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock worth $402,000 after purchasing an additional 3,000 shares in the last quarter. Strategic Wealth Investment Group LLC purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at about $860,000. Barclays PLC boosted its position in shares of Direxion Daily FTSE China Bull 3X Shares by 6.1% in the 3rd quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock valued at $902,000 after purchasing an additional 1,400 shares during the period. Finally, Flow Traders U.S. LLC boosted its position in shares of Direxion Daily FTSE China Bull 3X Shares by 131.6% in the 3rd quarter. Flow Traders U.S. LLC now owns 49,987 shares of the exchange traded fund’s stock valued at $1,846,000 after purchasing an additional 28,404 shares during the period.

Direxion Daily FTSE China Bull 3X Shares Trading Down 8.7 %

Shares of NYSEARCA:YINN opened at $23.11 on Friday. Direxion Daily FTSE China Bull 3X Shares has a 52 week low of $13.40 and a 52 week high of $59.26. The company’s 50 day moving average is $28.87 and its two-hundred day moving average is $27.58. The company has a market cap of $1.03 billion, a PE ratio of 4.13 and a beta of 2.93.

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.