Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Stock Price Up 12.3% – Time to Buy?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares traded up 12.3% during trading on Friday . The stock traded as high as $36.22 and last traded at $35.26. 10,310,616 shares changed hands during trading, an increase of 47% from the average session volume of 7,013,801 shares. The stock had previously closed at $31.41.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The stock has a 50-day moving average price of $28.67 and a two-hundred day moving average price of $25.35. The stock has a market cap of $1.58 billion, a PE ratio of 4.13 and a beta of 2.93.

Hedge Funds Weigh In On Direxion Daily FTSE China Bull 3X Shares

Institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth approximately $33,000. Chilton Capital Management LLC bought a new stake in Direxion Daily FTSE China Bull 3X Shares in the first quarter worth $56,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the second quarter valued at $277,000. Quadrature Capital Ltd purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the first quarter valued at $281,000. Finally, Gateway Advisory LLC lifted its position in Direxion Daily FTSE China Bull 3X Shares by 20.0% during the second quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock valued at $402,000 after purchasing an additional 3,000 shares during the last quarter.

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.