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

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped up before the market opened on Monday . The stock had previously closed at $29.79, but opened at $30.68. Direxion Daily FTSE China Bull 3X Shares shares last traded at $30.18, with a volume of 5,116,501 shares changing hands.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The company’s 50 day moving average price is $27.88 and its 200 day moving average price is $27.88. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 4.13 and a beta of 2.93.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of YINN. Signature Resources Capital Management LLC acquired a new stake in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at $65,000. Covestor Ltd bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the third quarter worth $88,000. Strategic Wealth Investment Group LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the third quarter valued at $860,000. Barclays PLC raised its holdings 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 buying an additional 1,400 shares during the last quarter. Finally, Flow Traders U.S. LLC lifted its position in Direxion Daily FTSE China Bull 3X Shares by 131.6% during the 3rd quarter. Flow Traders U.S. LLC now owns 49,987 shares of the exchange traded fund’s stock worth $1,846,000 after buying an additional 28,404 shares in the last quarter.

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.