Direxion Daily FTSE China Bull 3X ETF (NYSEARCA:YINN) Stock Price Up 7.4% – Should You Buy?

Shares of Direxion Daily FTSE China Bull 3X ETF (NYSEARCA:YINN) shot up 7.4% during trading on Friday. The company traded as high as $25.53 and last traded at $25.3680. Approximately 1,020,426 shares were traded during trading, a decline of 47% from the average session volume of 1,930,674 shares. The stock had previously closed at $23.63.

Direxion Daily FTSE China Bull 3X ETF Stock Up 6.8%

The firm has a market capitalization of $587.70 million, a PE ratio of 8.49 and a beta of 0.98. The firm’s 50-day moving average price is $28.01 and its two-hundred day moving average price is $29.48.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily FTSE China Bull 3X ETF stock. Group One Trading LLC bought a new position in Direxion Daily FTSE China Bull 3X ETF (NYSEARCA:YINN) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 38,575 shares of the exchange traded fund’s stock, valued at approximately $1,266,000. Group One Trading LLC owned approximately 0.18% of Direxion Daily FTSE China Bull 3X ETF as of its most recent SEC filing.

Direxion Daily FTSE China Bull 3X ETF 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.