Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up to $14.25

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares gapped up before the market opened on Thursday . The stock had previously closed at $13.66, but opened at $14.25. Direxion Daily FTSE China Bull 3X Shares shares last traded at $14.83, with a volume of 3,173,542 shares traded.

The firm’s 50-day moving average is $19.26 and its two-hundred day moving average is $21.53.

A number of hedge funds have recently added to or reduced their stakes in YINN. Hillsdale Investment Management Inc. increased its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 251.9% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 2,794 shares of the exchange traded fund’s stock worth $60,000 after buying an additional 2,000 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth approximately $261,000. U S Global Investors Inc. acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth approximately $266,000. IMC Chicago LLC increased its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 3.9% during the 2nd quarter. IMC Chicago LLC now owns 19,756 shares of the exchange traded fund’s stock worth $422,000 after buying an additional 749 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 16.8% during the 2nd quarter. HighTower Advisors LLC now owns 20,148 shares of the exchange traded fund’s stock worth $431,000 after buying an additional 2,900 shares during the last quarter.

About Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)

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.

Further Reading: What Is An Exchange-Traded Fund (ETF)?

Receive News & Ratings for Direxion Daily FTSE China Bull 3X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily FTSE China Bull 3X Shares and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply