Virtu Financial LLC Lowers Position in Direxion Daily FTSE China Bull 3X Shares $YINN

Virtu Financial LLC cut its stake in shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) by 55.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 23,967 shares of the exchange traded fund’s stock after selling 30,099 shares during the period. Virtu Financial LLC’s holdings in Direxion Daily FTSE China Bull 3X Shares were worth $1,021,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 4th quarter worth $43,000. Bank of America Corp DE raised its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 34.4% in the second quarter. Bank of America Corp DE now owns 3,128 shares of the exchange traded fund’s stock valued at $128,000 after purchasing an additional 800 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at about $223,000. Parallel Advisors LLC lifted its position in shares of Direxion Daily FTSE China Bull 3X Shares by 6.0% during the third quarter. Parallel Advisors LLC now owns 5,300 shares of the exchange traded fund’s stock valued at $288,000 after purchasing an additional 300 shares in the last quarter. Finally, Corient Private Wealth LLC purchased a new position in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter worth about $299,000.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

Direxion Daily FTSE China Bull 3X Shares stock opened at $25.56 on Monday. Direxion Daily FTSE China Bull 3X Shares has a fifty-two week low of $25.34 and a fifty-two week high of $57.71. The firm’s 50-day simple moving average is $32.57 and its 200 day simple moving average is $38.06. The stock has a market cap of $562.06 million, a PE ratio of 8.49 and a beta of 1.00.

Direxion Daily FTSE China Bull 3X Shares 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.