Viewpoint Capital Management LLC Grows Position in Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)

Viewpoint Capital Management LLC lifted its position in Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) by 50.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,780 shares of the exchange traded fund’s stock after purchasing an additional 7,000 shares during the period. Viewpoint Capital Management LLC’s holdings in Direxion Daily FTSE China Bull 3X Shares were worth $581,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Signature Resources Capital Management LLC bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 4th quarter worth approximately $65,000. Covestor Ltd bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter valued at $88,000. Strategic Wealth Investment Group LLC purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter worth approximately $860,000. Barclays PLC raised its stake in Direxion Daily FTSE China Bull 3X Shares by 6.1% during the third quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock valued at $902,000 after buying an additional 1,400 shares during the last quarter. Finally, Flow Traders U.S. LLC boosted its holdings in Direxion Daily FTSE China Bull 3X Shares by 131.6% in 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 acquiring an additional 28,404 shares in the last quarter.

Direxion Daily FTSE China Bull 3X Shares Price Performance

Shares of Direxion Daily FTSE China Bull 3X Shares stock opened at $35.26 on Wednesday. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 4.13 and a beta of 2.93. The firm’s 50-day moving average is $28.90 and its 200 day moving average is $28.61. Direxion Daily FTSE China Bull 3X Shares has a 1 year low of $15.41 and a 1 year high of $59.26.

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.