Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up – Should You Buy?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares gapped up before the market opened on Monday . The stock had previously closed at $26.79, but opened at $28.95. Direxion Daily FTSE China Bull 3X Shares shares last traded at $28.99, with a volume of 611,957 shares.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The firm has a market capitalization of $664.42 million, a P/E ratio of 8.49 and a beta of 1.04. The stock has a 50 day moving average of $27.82 and a two-hundred day moving average of $35.02.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Group One Trading LLC bought a new stake in Direxion Daily FTSE China Bull 3X Shares during the first quarter valued at about $1,266,000. IMC Chicago LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth about $560,000. Corient Private Wealth LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth about $299,000. Quadrature Capital Ltd bought a new stake in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at approximately $8,411,000. Finally, HRT Financial LP bought a new stake in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at approximately $692,000.

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.