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

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) saw an uptick in trading volume on Monday . 5,773,642 shares were traded during mid-day trading, a decline of 14% from the previous session’s volume of 6,722,564 shares.The stock last traded at $40.90 and had previously closed at $40.74.

Direxion Daily FTSE China Bull 3X Shares Stock Down 3.7 %

The company has a market cap of $1.75 billion, a P/E ratio of 4.13 and a beta of 2.93. The company has a fifty day moving average of $27.22 and a 200 day moving average of $24.88.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Sanders Morris Harris LLC bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter valued at approximately $1,073,000. Viewpoint Capital Management LLC grew its position in shares of Direxion Daily FTSE China Bull 3X Shares by 218.0% during the first quarter. Viewpoint Capital Management LLC now owns 21,560 shares of the exchange traded fund’s stock valued at $424,000 after purchasing an additional 14,780 shares in the last quarter. Chilton Capital Management LLC bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the first quarter worth about $56,000. Covestor Ltd purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the first quarter worth about $33,000. Finally, Quadrature Capital Ltd bought a new position in Direxion Daily FTSE China Bull 3X Shares during the first quarter valued at approximately $281,000.

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.