Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Sees Large Volume Increase – Here’s Why

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares saw an uptick in trading volume on Wednesday . 2,830,206 shares traded hands during trading, an increase of 27% from the previous session’s volume of 2,228,803 shares.The stock last traded at $38.52 and had previously closed at $36.20.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The company has a 50 day moving average of $34.13 and a 200-day moving average of $41.53. The stock has a market cap of $852.33 million, a price-to-earnings ratio of 8.49 and a beta of 1.07.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in YINN. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at approximately $43,000. Bank of America Corp DE grew its stake in Direxion Daily FTSE China Bull 3X Shares by 34.4% during the 2nd quarter. Bank of America Corp DE now owns 3,128 shares of the exchange traded fund’s stock worth $128,000 after purchasing an additional 800 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth $223,000. Parallel Advisors LLC grew its stake in Direxion Daily FTSE China Bull 3X Shares by 6.0% during the 3rd quarter. Parallel Advisors LLC now owns 5,300 shares of the exchange traded fund’s stock worth $288,000 after purchasing an additional 300 shares in the last quarter. Finally, Corient Private Wealth LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth $299,000.

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.