Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN – Get Free Report) was the target of some unusual options trading activity on Thursday. Stock traders purchased 11,780 call options on the company. This represents an increase of approximately 167% compared to the average volume of 4,409 call options.
Institutional Trading of Direxion Daily FTSE China Bull 3X Shares
Large investors have recently added to or reduced their stakes in the business. IMC Chicago LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the 1st quarter valued at $614,000. Signaturefd LLC grew its holdings in Direxion Daily FTSE China Bull 3X Shares by 127.7% during the 1st quarter. Signaturefd LLC now owns 633 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 355 shares during the last quarter. Sanders Morris Harris LLC bought a new stake in Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth about $513,000. Morgan Stanley boosted its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 111.6% in the 4th quarter. Morgan Stanley now owns 9,337 shares of the exchange traded fund’s stock valued at $431,000 after purchasing an additional 4,924 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 1,061.1% in the 4th quarter. JPMorgan Chase & Co. now owns 9,010 shares of the exchange traded fund’s stock valued at $416,000 after purchasing an additional 8,234 shares during the last quarter.
Direxion Daily FTSE China Bull 3X Shares Stock Performance
Shares of YINN opened at $35.10 on Friday. The company’s 50 day moving average price is $36.46 and its 200 day moving average price is $45.23. Direxion Daily FTSE China Bull 3X Shares has a 52 week low of $19.66 and a 52 week high of $81.80. The company has a market capitalization of $498.07 million, a PE ratio of 8.56 and a beta of 1.45.
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.
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