Direxion Daily FTSE China Bull 3X Shares Sees Unusually High Options Volume (NYSEARCA:YINN)

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) was the recipient of unusually large options trading on Friday. Investors bought 49,946 call options on the company. This represents an increase of 45% compared to the typical volume of 34,484 call options.

Direxion Daily FTSE China Bull 3X Shares Price Performance

Shares of YINN stock traded down $0.12 on Friday, hitting $27.71. The company’s stock had a trading volume of 6,025,411 shares, compared to its average volume of 7,284,555. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 4.13 and a beta of 2.93. The firm’s fifty day moving average price is $34.23 and its 200-day moving average price is $27.21. Direxion Daily FTSE China Bull 3X Shares has a fifty-two week low of $13.40 and a fifty-two week high of $59.26.

Hedge Funds Weigh In On Direxion Daily FTSE China Bull 3X Shares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quadrature Capital Ltd bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth about $281,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the 2nd quarter worth approximately $277,000. Gateway Advisory LLC lifted its position in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% during the 2nd quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock worth $402,000 after buying an additional 3,000 shares during the period. Strategic Wealth Investment Group LLC bought a new stake in Direxion Daily FTSE China Bull 3X Shares during the third quarter worth about $860,000. Finally, Covestor Ltd bought a new position in Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at $88,000.

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.