Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN – Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 3,665,545 shares traded hands during trading, a decline of 34% from the previous session’s volume of 5,586,583 shares.The stock last traded at $27.70 and had previously closed at $25.91.
Direxion Daily FTSE China Bull 3X Shares Trading Up 5.2 %
The firm’s fifty day moving average is $28.03 and its 200-day moving average is $27.64. The stock has a market capitalization of $1.22 billion, a PE ratio of 4.13 and a beta of 2.93.
Hedge Funds Weigh In On Direxion Daily FTSE China Bull 3X Shares
Several large investors have recently bought and sold shares of the business. Signature Resources Capital Management LLC acquired a new stake in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth approximately $65,000. Covestor Ltd purchased a new position in Direxion Daily FTSE China Bull 3X Shares in the third quarter valued at about $88,000. 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 worth $402,000 after purchasing an additional 3,000 shares during the last quarter. Strategic Wealth Investment Group LLC purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter worth about $860,000. Finally, Barclays PLC grew its position in shares of Direxion Daily FTSE China Bull 3X Shares by 6.1% in the third quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock valued at $902,000 after purchasing an additional 1,400 shares during the last quarter.
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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