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

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares gapped up prior to trading on Tuesday . The stock had previously closed at $23.38, but opened at $25.05. Direxion Daily FTSE China Bull 3X Shares shares last traded at $25.01, with a volume of 2,277,463 shares changing hands.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The firm has a market cap of $1.11 billion, a P/E ratio of 4.13 and a beta of 2.93. The company has a 50 day moving average of $28.66 and a 200 day moving average of $27.64.

Institutional Investors Weigh In On Direxion Daily FTSE China Bull 3X Shares

A number of institutional investors have recently added to or reduced their stakes in YINN. Barclays PLC grew its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 6.1% in the 3rd quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock worth $902,000 after purchasing an additional 1,400 shares during the last quarter. Strategic Wealth Investment Group LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the third quarter valued at approximately $860,000. Gateway Advisory LLC boosted its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% in 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 in the last quarter. Covestor Ltd bought a new stake in Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter worth approximately $88,000. Finally, Flow Traders U.S. LLC increased its holdings 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 valued at $1,846,000 after purchasing an additional 28,404 shares in the last quarter.

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.