Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up – Time to Buy?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) gapped up before the market opened on Tuesday . The stock had previously closed at $27.36, but opened at $28.64. Direxion Daily FTSE China Bull 3X Shares shares last traded at $27.89, with a volume of 2,561,380 shares.

Direxion Daily FTSE China Bull 3X Shares Trading Up 3.5 %

The business’s fifty day moving average price is $27.84 and its 200 day moving average price is $27.74. The company has a market capitalization of $1.27 billion, a P/E ratio of 4.13 and a beta of 2.93.

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

Large investors have recently bought and sold shares of the business. TB Alternative Assets Ltd. bought a new stake in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at $19,162,000. Flow Traders U.S. LLC increased its holdings in Direxion Daily FTSE China Bull 3X Shares by 131.6% during the third 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 during the last quarter. Strategic Wealth Investment Group LLC acquired a new stake in Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at about $860,000. Gateway Advisory LLC boosted its stake 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 acquiring an additional 3,000 shares during the period. Finally, Covestor Ltd acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter worth about $88,000.

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.