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

by · The Cerbat Gem

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN – Get Free Report)’s share price gapped up prior to trading 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 Price Performance

The business’s fifty day moving average price is $27.84 and its 200 day moving average price is $27.74. The stock has a market cap of $1.27 billion, a P/E ratio of 4.13 and a beta of 2.93.

Institutional Investors Weigh In On Direxion Daily FTSE China Bull 3X Shares

Several large investors have recently modified their holdings of YINN. Gateway Advisory LLC increased its position in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% during the second quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock worth $402,000 after acquiring an additional 3,000 shares in the last quarter. Strategic Wealth Investment Group LLC bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter worth approximately $860,000. Covestor Ltd bought a new stake in Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at about $88,000. Flow Traders U.S. LLC grew its stake in Direxion Daily FTSE China Bull 3X Shares by 131.6% in the 3rd quarter. Flow Traders U.S. LLC now owns 49,987 shares of the exchange traded fund’s stock valued at $1,846,000 after buying an additional 28,404 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Direxion Daily FTSE China Bull 3X Shares by 6.1% during the 3rd quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock worth $902,000 after purchasing an additional 1,400 shares in the last quarter.

About Direxion Daily FTSE China Bull 3X Shares

(Get Free Report)

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.

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