Stock Traders Purchase High Volume of Call Options on Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) saw some unusual options trading activity on Monday. Investors purchased 55,418 call options on the stock. This is an increase of 50% compared to the typical daily volume of 36,872 call options.

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

Large investors have recently modified their holdings of the stock. Formidable Asset Management LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth approximately $279,000. Cantor Fitzgerald L. P. bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter worth $284,000. 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. Two Sigma Securities LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter worth $647,000. Finally, Jump Financial LLC boosted its stake in Direxion Daily FTSE China Bull 3X Shares by 698.0% in the 4th quarter. Jump Financial LLC now owns 238,375 shares of the exchange traded fund’s stock worth $6,660,000 after purchasing an additional 208,503 shares during the period.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

Shares of NYSEARCA YINN traded down $8.30 during mid-day trading on Monday, reaching $23.22. 22,740,627 shares of the company traded hands, compared to its average volume of 7,140,455. Direxion Daily FTSE China Bull 3X Shares has a fifty-two week low of $17.81 and a fifty-two week high of $59.26. The company’s fifty day moving average is $40.64 and its two-hundred day moving average is $34.60. The stock has a market cap of $862.47 million, a PE ratio of 9.13 and a beta of 0.88.

Direxion Daily FTSE China Bull 3X Shares Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.1149 per share. The ex-dividend date was Tuesday, March 25th. This is a boost from Direxion Daily FTSE China Bull 3X Shares’s previous dividend of $0.03.

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.