Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Sees Large Volume Increase – Here’s Why

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares saw strong trading volume on Tuesday . 7,506,792 shares traded hands during mid-day trading, an increase of 3% from the previous session’s volume of 7,288,348 shares.The stock last traded at $41.01 and had previously closed at $40.83.

Direxion Daily FTSE China Bull 3X Shares Stock Up 1.9 %

The stock has a market cap of $1.86 billion, a P/E ratio of 4.13 and a beta of 2.93. The stock has a fifty day simple moving average of $29.77 and a 200-day simple moving average of $29.23.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in YINN. Bank of Montreal Can acquired a new stake in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth $40,000. Signature Resources Capital Management LLC bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth about $65,000. Covestor Ltd acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the third quarter worth about $88,000. Raffles Associates LP bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at about $279,000. Finally, Cantor Fitzgerald L. P. acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at approximately $284,000.

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.