Investors Buy Large Volume of Direxion Daily FTSE China Bull 3X Shares Call Options (NYSEARCA:YINN)

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) saw some unusual options trading activity on Friday. Investors purchased 225,965 call options on the stock. This is an increase of 399% compared to the typical daily volume of 45,266 call options.

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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC grew its position in Direxion Daily FTSE China Bull 3X Shares by 6.1% during the 3rd quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock worth $902,000 after purchasing an additional 1,400 shares during the period. Strategic Wealth Investment Group LLC purchased a new position in Direxion Daily FTSE China Bull 3X Shares during the third quarter valued at approximately $860,000. Gateway Advisory LLC lifted its holdings in Direxion Daily FTSE China Bull 3X Shares by 20.0% in the second quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock valued at $402,000 after acquiring an additional 3,000 shares during the period. Covestor Ltd acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the third quarter valued at approximately $88,000. Finally, Flow Traders U.S. LLC boosted its position in Direxion Daily FTSE China Bull 3X Shares by 131.6% in the 3rd quarter. Flow Traders U.S. LLC now owns 49,987 shares of the exchange traded fund’s stock worth $1,846,000 after purchasing an additional 28,404 shares in the last quarter.

Direxion Daily FTSE China Bull 3X Shares Stock Down 8.7 %

YINN opened at $23.11 on Friday. Direxion Daily FTSE China Bull 3X Shares has a twelve month low of $13.40 and a twelve month high of $59.26. The company has a fifty day moving average of $28.87 and a 200-day moving average of $27.61. The stock has a market cap of $1.03 billion, a PE ratio of 4.13 and a beta of 2.93.

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.