Direxion Daily FTSE China Bull 3X ETF (NYSEARCA:YINN) Sees Unusually-High Trading Volume – Here’s What Happened

Direxion Daily FTSE China Bull 3X ETF (NYSEARCA:YINN) shares saw unusually-strong trading volume on Thursday. 2,138,403 shares changed hands during trading, an increase of 12% from the average daily volume of 1,904,752 shares. The stock last traded at $26.3160 and had previously closed at $25.64.

Direxion Daily FTSE China Bull 3X ETF Trading Up 0.1%

The stock has a market cap of $656.35 million, a PE ratio of 8.49 and a beta of 0.97. The business has a 50-day moving average price of $25.21 and a 200-day moving average price of $31.19.

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

A number of large investors have recently added to or reduced their stakes in YINN. Parallel Advisors LLC grew its position in shares of Direxion Daily FTSE China Bull 3X ETF by 25.2% in the third quarter. Parallel Advisors LLC now owns 7,100 shares of the exchange traded fund’s stock valued at $177,000 after purchasing an additional 1,430 shares during the period. SBI Securities Co. Ltd. increased its stake in Direxion Daily FTSE China Bull 3X ETF by 28.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 7,595 shares of the exchange traded fund’s stock worth $189,000 after buying an additional 1,705 shares in the last quarter. IMC Chicago LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X ETF during the first quarter valued at approximately $560,000. Finally, Group One Trading LLC purchased a new position in shares of Direxion Daily FTSE China Bull 3X ETF in the first quarter valued at approximately $1,266,000.

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.