Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up to $17.90

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped up before the market opened on Thursday . The stock had previously closed at $17.90, but opened at $18.58. Direxion Daily FTSE China Bull 3X Shares shares last traded at $18.65, with a volume of 1,217,484 shares traded.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The firm’s 50-day moving average is $18.73 and its 200 day moving average is $20.86. The stock has a market cap of $939.62 million, a price-to-earnings ratio of 3.38 and a beta of 3.00.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its position in shares of Direxion Daily FTSE China Bull 3X Shares by 173.7% in the second quarter. Tower Research Capital LLC TRC now owns 717 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 455 shares in the last quarter. Barclays PLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the first quarter worth $44,000. Viewpoint Capital Management LLC increased its position in shares of Direxion Daily FTSE China Bull 3X Shares by 17.3% in the fourth quarter. Viewpoint Capital Management LLC now owns 6,780 shares of the exchange traded fund’s stock worth $142,000 after acquiring an additional 1,000 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Direxion Daily FTSE China Bull 3X Shares by 34.8% in the fourth quarter. Parallel Advisors LLC now owns 6,250 shares of the exchange traded fund’s stock worth $131,000 after acquiring an additional 1,615 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Direxion Daily FTSE China Bull 3X Shares by 156.8% in the fourth quarter. Bank of America Corp DE now owns 7,569 shares of the exchange traded fund’s stock worth $350,000 after acquiring an additional 4,621 shares in the last quarter.

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.