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

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) shares gapped up before the market opened on Friday . The stock had previously closed at $32.04, but opened at $35.29. Direxion Daily FTSE China Bull 3X Shares shares last traded at $34.81, with a volume of 2,349,807 shares.

Direxion Daily FTSE China Bull 3X Shares Stock Up 9.6 %

The stock has a market cap of $1.32 billion, a PE ratio of 7.15 and a beta of 0.88. The stock has a fifty day moving average of $37.59 and a 200-day moving average of $33.32.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of YINN. Barclays PLC boosted its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 6.1% in the third quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock valued at $902,000 after acquiring an additional 1,400 shares in the last quarter. TB Alternative Assets Ltd. purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at approximately $19,162,000. Signature Resources Capital Management LLC purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at approximately $65,000. IMC Chicago LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth approximately $15,845,000. Finally, Viewpoint Capital Management LLC raised its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 50.8% during the 4th quarter. Viewpoint Capital Management LLC now owns 20,780 shares of the exchange traded fund’s stock worth $581,000 after buying an additional 7,000 shares in 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.