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

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped up before the market opened on Tuesday . The stock had previously closed at $27.36, but opened at $28.64. Direxion Daily FTSE China Bull 3X Shares shares last traded at $27.89, with a volume of 2,561,380 shares trading hands.

Direxion Daily FTSE China Bull 3X Shares Stock Down 2.1 %

The business has a 50-day simple moving average of $27.83 and a two-hundred day simple moving average of $27.77. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 4.13 and a beta of 2.93.

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

Institutional investors have recently modified their holdings of the company. TB Alternative Assets Ltd. acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth $19,162,000. Flow Traders U.S. LLC lifted its position in Direxion Daily FTSE China Bull 3X Shares by 131.6% during the 3rd quarter. Flow Traders U.S. LLC now owns 49,987 shares of the exchange traded fund’s stock worth $1,846,000 after acquiring an additional 28,404 shares during the last quarter. Strategic Wealth Investment Group LLC bought a new stake in Direxion Daily FTSE China Bull 3X Shares during the third quarter valued at about $860,000. Covestor Ltd acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the third quarter valued at about $88,000. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at about $65,000.

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.