Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up – Still a Buy?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINNGet Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $23.26, but opened at $25.32. Direxion Daily FTSE China Bull 3X Shares shares last traded at $25.37, with a volume of 1,078,183 shares trading hands.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The company has a market capitalization of $596.59 million, a PE ratio of 8.49 and a beta of 1.04. The stock’s 50 day moving average is $29.53 and its 200 day moving average is $36.23.

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

Several hedge funds have recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at $8,411,000. JPMorgan Chase & Co. purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 2nd quarter valued at about $4,128,000. Jump Financial LLC bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter worth approximately $4,255,000. Virtu Financial LLC bought a new stake in Direxion Daily FTSE China Bull 3X Shares in the third quarter worth $2,935,000. Finally, Group One Trading LLC purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the 1st quarter valued at about $1,266,000.

Direxion Daily FTSE China Bull 3X Shares Company Profile

(Get Free Report)

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.

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