Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Stock Price Up 7.4% – What’s Next?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares rose 7.4% during mid-day trading on Friday . The stock traded as high as $46.73 and last traded at $46.35. Approximately 3,874,530 shares traded hands during trading, a decline of 48% from the average daily volume of 7,428,446 shares. The stock had previously closed at $43.15.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The firm’s 50 day simple moving average is $30.76 and its 200-day simple moving average is $29.74. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 4.13 and a beta of 2.93.

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

Large investors have recently modified their holdings of the company. Bank of Montreal Can acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at approximately $40,000. Signature Resources Capital Management LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at approximately $65,000. Covestor Ltd acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the third quarter valued at approximately $88,000. Raffles Associates LP acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at approximately $279,000. Finally, Formidable Asset Management LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at approximately $279,000.

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.