Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN – Get Free Report)’s share price traded up 6.7% during mid-day trading on Wednesday . The stock traded as high as $27.76 and last traded at $27.69. Approximately 1,153,022 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 2,259,364 shares. The stock had previously closed at $25.96.
Direxion Daily FTSE China Bull 3X Shares Stock Up 2.1%
The firm has a market cap of $653.91 million, a price-to-earnings ratio of 8.49 and a beta of 1.04. The stock’s 50 day moving average is $28.33 and its 200 day moving average is $35.35.
Hedge Funds Weigh In On Direxion Daily FTSE China Bull 3X Shares
Several hedge funds have recently modified their holdings of the company. Quadrature Capital Ltd bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 4th quarter worth $8,411,000. JPMorgan Chase & Co. bought a new stake in Direxion Daily FTSE China Bull 3X Shares in the second quarter worth about $4,128,000. Jump Financial LLC acquired a new stake in Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at about $4,255,000. Virtu Financial LLC acquired a new stake in Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at about $2,935,000. Finally, Group One Trading LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter valued at about $1,266,000.
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.
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