Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Stock Price Up 7.4% – What’s Next?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s stock price rose 7.4% during mid-day trading on Friday . The stock traded as high as $46.73 and last traded at $46.35. Approximately 3,874,530 shares traded hands during trading, a decline of 48% from the average daily volume of 7,428,446 shares. The stock had previously closed at $43.15.

Direxion Daily FTSE China Bull 3X Shares Trading Up 4.2 %

The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 4.13 and a beta of 2.93. The firm has a 50 day moving average price of $30.76 and a 200-day moving average price of $29.74.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Formidable Asset Management LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth $279,000. Cantor Fitzgerald L. P. acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth $284,000. Raffles Associates LP acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth $279,000. Two Sigma Securities LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at about $647,000. Finally, Jump Financial LLC raised its stake in Direxion Daily FTSE China Bull 3X Shares by 698.0% in the 4th quarter. Jump Financial LLC now owns 238,375 shares of the exchange traded fund’s stock valued at $6,660,000 after purchasing an additional 208,503 shares during 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.