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

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped up before the market opened on Wednesday . The stock had previously closed at $47.46, but opened at $49.74. Direxion Daily FTSE China Bull 3X Shares shares last traded at $49.2360, with a volume of 1,120,325 shares.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The stock has a market capitalization of $958.83 million, a P/E ratio of 8.49 and a beta of 0.93. The stock’s 50-day simple moving average is $45.49 and its 200 day simple moving average is $47.33.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Several institutional investors have recently added to or reduced their stakes in YINN. Bank of America Corp DE increased its position 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 buying an additional 800 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at about $223,000. XTX Topco Ltd acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the second quarter worth about $226,000. Kingswood Wealth Advisors LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the second quarter worth about $283,000. Finally, Parallel Advisors LLC boosted its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 6.0% in the 3rd quarter. Parallel Advisors LLC now owns 5,300 shares of the exchange traded fund’s stock valued at $288,000 after purchasing an additional 300 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.