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

Posted by Jeff Wilder on Oct 16th, 2024

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN – Get Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $32.18, but opened at $33.74. Direxion Daily FTSE China Bull 3X Shares shares last traded at $34.23, with a volume of 3,876,458 shares.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The company has a 50-day moving average of $27.86 and a two-hundred day moving average of $25.11. The company has a market capitalization of $1.54 billion, a PE ratio of 4.13 and a beta of 2.93.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Covestor Ltd bought a new stake in Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth approximately $33,000. Chilton Capital Management LLC purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter valued at $56,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Direxion Daily FTSE China Bull 3X Shares in the 2nd quarter worth $277,000. Quadrature Capital Ltd purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the 1st quarter worth $281,000. Finally, Gateway Advisory LLC raised its holdings in 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 valued at $402,000 after acquiring an additional 3,000 shares during the period.

Direxion Daily FTSE China Bull 3X Shares Company Profile

(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.