Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up to $22.66

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $22.66, but opened at $24.68. Direxion Daily FTSE China Bull 3X Shares shares last traded at $24.90, with a volume of 1,821,230 shares.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The stock has a market capitalization of $1.16 billion, a P/E ratio of 4.13 and a beta of 2.93. The stock’s fifty day moving average is $19.52 and its two-hundred day moving average is $20.47.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in YINN. Viewpoint Capital Management LLC lifted its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 218.0% in the first quarter. Viewpoint Capital Management LLC now owns 21,560 shares of the exchange traded fund’s stock valued at $424,000 after purchasing an additional 14,780 shares in the last quarter. Sanders Morris Harris LLC purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the 1st quarter worth about $1,073,000. Virtu Financial LLC purchased a new position in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at about $2,282,000. HCEP Management Ltd increased its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% in the 4th quarter. HCEP Management Ltd now owns 600,000 shares of the exchange traded fund’s stock valued at $12,564,000 after purchasing an additional 100,000 shares during the period. Finally, Himension Capital Singapore PTE. LTD. purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth approximately $3,383,000.

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.