Ping Capital Management Inc. Has $2.34 Million Stock Position in Direxion Daily FTSE China Bull 3X Shares $YINN

Ping Capital Management Inc. grew its position in shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) by 1,040.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,000 shares of the exchange traded fund’s stock after acquiring an additional 52,000 shares during the quarter. Direxion Daily FTSE China Bull 3X Shares accounts for 0.6% of Ping Capital Management Inc.’s holdings, making the stock its 18th biggest position. Ping Capital Management Inc. owned approximately 0.21% of Direxion Daily FTSE China Bull 3X Shares worth $2,336,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of YINN. Virtu Financial LLC boosted its position in Direxion Daily FTSE China Bull 3X Shares by 576.8% during the 1st quarter. Virtu Financial LLC now owns 102,135 shares of the exchange traded fund’s stock worth $4,236,000 after acquiring an additional 87,045 shares during the last quarter. Spire Wealth Management acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 1st quarter valued at approximately $1,245,000. Sovereign Financial Group Inc. acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 1st quarter valued at approximately $321,000. Rathbones Group PLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 1st quarter valued at approximately $227,000. Finally, Wedmont Private Capital acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 2nd quarter valued at approximately $206,000.

Direxion Daily FTSE China Bull 3X Shares Trading Up 2.6%

NYSEARCA YINN opened at $56.62 on Friday. The company has a market cap of $1.09 billion, a PE ratio of 8.49 and a beta of 1.45. Direxion Daily FTSE China Bull 3X Shares has a 12 month low of $21.41 and a 12 month high of $59.26. The stock has a 50 day moving average of $48.12 and a 200-day moving average of $41.38.

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.