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

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) was the target of some unusual options trading on Friday. Investors purchased 49,946 call options on the company. This is an increase of approximately 45% compared to the average volume of 34,484 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YINN. Covestor Ltd acquired a new stake in Direxion Daily FTSE China Bull 3X Shares during the third quarter worth approximately $88,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 2nd quarter valued at $277,000. Quadrature Capital Ltd acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth $281,000. Gateway Advisory LLC increased its position in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% in 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 period. Finally, 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.

Direxion Daily FTSE China Bull 3X Shares Price Performance

NYSEARCA YINN traded down $0.12 on Friday, hitting $27.71. 6,025,411 shares of the stock were exchanged, compared to its average volume of 7,284,555. The business’s fifty day moving average is $34.23 and its 200 day moving average is $27.21. The company has a market capitalization of $1.24 billion, a PE ratio of 4.13 and a beta of 2.93. Direxion Daily FTSE China Bull 3X Shares has a 52 week low of $13.40 and a 52 week high of $59.26.

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.