Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $20.27, but opened at $21.61. Direxion Daily FTSE China Bull 3X Shares shares last traded at $21.38, with a volume of 685,182 shares.
Direxion Daily FTSE China Bull 3X Shares Stock Performance
The firm has a 50 day simple moving average of $23.75 and a two-hundred day simple moving average of $21.37. The stock has a market cap of $891.22 million, a P/E ratio of 4.13 and a beta of 2.93.
Hedge Funds Weigh In On Direxion Daily FTSE China Bull 3X Shares
Hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Direxion Daily FTSE China Bull 3X Shares during the second quarter valued at $277,000. Quadrature Capital Ltd acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the first quarter worth about $281,000. Covestor Ltd acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the first quarter worth about $33,000. Chilton Capital Management LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the first quarter worth about $56,000. Finally, Viewpoint Capital Management LLC boosted its stake in Direxion Daily FTSE China Bull 3X Shares by 218.0% during the 1st quarter. Viewpoint Capital Management LLC now owns 21,560 shares of the exchange traded fund’s stock valued at $424,000 after purchasing an additional 14,780 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.
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