Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Up 9.5% – Here’s What Happened

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) rose 9.5% during trading on Monday . The stock traded as high as $50.23 and last traded at $50.1730. Approximately 2,915,267 shares traded hands during trading, an increase of 22% from the average daily volume of 2,394,685 shares. The stock had previously closed at $45.81.

Direxion Daily FTSE China Bull 3X Shares Trading Up 9.9%

The stock has a market cap of $1.05 billion, a P/E ratio of 8.49 and a beta of 0.93. The company’s 50 day moving average price is $45.75 and its two-hundred day moving average price is $46.78.

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

Hedge funds have recently modified their holdings of the business. Parallel Advisors LLC raised its holdings in Direxion Daily FTSE China Bull 3X Shares by 6.0% in the 3rd quarter. Parallel Advisors LLC now owns 5,300 shares of the exchange traded fund’s stock worth $288,000 after purchasing an additional 300 shares during the period. Bank of America Corp DE grew its holdings in Direxion Daily FTSE China Bull 3X Shares by 34.4% during the second quarter. Bank of America Corp DE now owns 3,128 shares of the exchange traded fund’s stock valued at $128,000 after purchasing an additional 800 shares during the period. Ping Capital Management Inc. grew its holdings in Direxion Daily FTSE China Bull 3X Shares by 1.8% during the third quarter. Ping Capital Management Inc. now owns 58,000 shares of the exchange traded fund’s stock valued at $3,149,000 after purchasing an additional 1,000 shares during the period. Flow Traders U.S. LLC raised its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 5.7% in the third quarter. Flow Traders U.S. LLC now owns 21,349 shares of the exchange traded fund’s stock worth $1,159,000 after buying an additional 1,152 shares during the period. Finally, Sovereign Financial Group Inc. raised its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 30.0% in the second quarter. Sovereign Financial Group Inc. now owns 10,067 shares of the exchange traded fund’s stock worth $413,000 after buying an additional 2,322 shares during the period.

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.