Stock Traders Purchase Large Volume of Call Options on Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) was the target of unusually large options trading on Friday. Investors bought 225,965 call options on the stock. This is an increase of 399% compared to the typical daily volume of 45,266 call options.

Direxion Daily FTSE China Bull 3X Shares Trading Down 7.9 %

Shares of YINN traded down $1.99 on Friday, reaching $23.32. 6,902,407 shares of the company’s stock were exchanged, compared to its average volume of 5,919,894. The business has a 50 day moving average price of $29.07 and a two-hundred day moving average price of $27.59. Direxion Daily FTSE China Bull 3X Shares has a 12 month low of $13.40 and a 12 month high of $59.26. The stock has a market capitalization of $1.04 billion, a P/E ratio of 4.13 and a beta of 2.93.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

A number of hedge funds have recently modified their holdings of the company. Gateway Advisory LLC boosted its position in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% during the second quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock worth $402,000 after buying an additional 3,000 shares during the period. Strategic Wealth Investment Group LLC bought a new stake in Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at $860,000. Covestor Ltd bought a new position in Direxion Daily FTSE China Bull 3X Shares during the third quarter worth $88,000. Flow Traders U.S. LLC increased its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 131.6% in the third quarter. Flow Traders U.S. LLC now owns 49,987 shares of the exchange traded fund’s stock valued at $1,846,000 after purchasing an additional 28,404 shares during the last quarter. Finally, Barclays PLC raised its position 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 purchasing an additional 1,400 shares during the period.

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.