Direxion Daily FTSE China Bull 3X Shares Target of Unusually Large Options Trading (NYSEARCA:YINN)

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) saw unusually large options trading activity on Monday. Stock traders acquired 36,449 call options on the company. This is an increase of 49% compared to the average daily volume of 24,438 call options.

Direxion Daily FTSE China Bull 3X Shares Stock Up 5.6%

Shares of NYSEARCA YINN traded up $2.22 during midday trading on Monday, reaching $41.60. 2,157,886 shares of the company’s stock traded hands, compared to its average volume of 7,293,632. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 8.49 and a beta of 0.97. Direxion Daily FTSE China Bull 3X Shares has a one year low of $18.49 and a one year high of $59.26. The stock’s 50 day simple moving average is $34.69 and its 200-day simple moving average is $34.67.

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

A number of hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at about $40,000. Ping Capital Management Inc. acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter valued at about $207,000. Sassicaia Capital Advisers LLC purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the 1st quarter valued at approximately $207,000. Rathbones Group PLC acquired a new stake in Direxion Daily FTSE China Bull 3X Shares in the 1st quarter worth approximately $227,000. Finally, Raffles Associates LP purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth approximately $279,000.

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.