Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up to $20.50

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $20.50, but opened at $21.50. Direxion Daily FTSE China Bull 3X Shares shares last traded at $21.47, with a volume of 2,134,302 shares.

Direxion Daily FTSE China Bull 3X Shares Trading Up 2.3 %

The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 3.38 and a beta of 3.00. The firm’s 50 day moving average price is $19.09 and its two-hundred day moving average price is $20.70.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of YINN. Viewpoint Capital Management LLC grew its stake in Direxion Daily FTSE China Bull 3X Shares by 17.3% in the 4th quarter. Viewpoint Capital Management LLC now owns 6,780 shares of the exchange traded fund’s stock valued at $142,000 after buying an additional 1,000 shares during the last quarter. Parallel Advisors LLC grew its stake in Direxion Daily FTSE China Bull 3X Shares by 34.8% in the 4th quarter. Parallel Advisors LLC now owns 6,250 shares of the exchange traded fund’s stock valued at $131,000 after buying an additional 1,615 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Direxion Daily FTSE China Bull 3X Shares by 159.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,724 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 1,674 shares during the last quarter. Barclays PLC grew its stake in Direxion Daily FTSE China Bull 3X Shares by 3,594.5% in the 3rd quarter. Barclays PLC now owns 20,098 shares of the exchange traded fund’s stock valued at $581,000 after buying an additional 19,554 shares during the last quarter. Finally, Pathstone Family Office LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at about $567,000.

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.