Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Sees Unusually-High Trading Volume – Here’s Why

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares saw unusually-high trading volume on Tuesday . Approximately 7,506,792 shares traded hands during mid-day trading, an increase of 3% from the previous session’s volume of 7,288,348 shares.The stock last traded at $41.01 and had previously closed at $40.83.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The firm has a market capitalization of $1.93 billion, a PE ratio of 4.13 and a beta of 2.93. The business’s 50-day moving average price is $30.18 and its 200-day moving average price is $29.47.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Institutional investors have recently modified their holdings of the business. Strategic Wealth Investment Group LLC purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at approximately $860,000. Covestor Ltd purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the third quarter valued at approximately $88,000. Flow Traders U.S. LLC increased its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 131.6% during the 3rd quarter. Flow Traders U.S. LLC now owns 49,987 shares of the exchange traded fund’s stock worth $1,846,000 after buying an additional 28,404 shares during the last quarter. Barclays PLC increased its stake in Direxion Daily FTSE China Bull 3X Shares by 6.1% during the third quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock worth $902,000 after acquiring an additional 1,400 shares during the last quarter. Finally, TB Alternative Assets Ltd. purchased a new position in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at approximately $19,162,000.

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.