Investors 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 recipient of some unusual options trading on Friday. Stock investors bought 225,965 call options on the company. This is an increase of 399% compared to the average volume of 45,266 call options.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

Shares of YINN stock traded down $1.99 on Friday, hitting $23.32. The company’s stock had a trading volume of 6,902,407 shares, compared to its average volume of 5,919,894. Direxion Daily FTSE China Bull 3X Shares has a fifty-two week low of $13.40 and a fifty-two week high of $59.26. The stock’s 50 day moving average is $29.07 and its 200-day moving average is $27.59. The company has a market capitalization of $1.04 billion, a PE ratio of 4.13 and a beta of 2.93.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Gateway Advisory LLC increased its position in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% in the second quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock worth $402,000 after purchasing an additional 3,000 shares during the period. Strategic Wealth Investment Group LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter worth approximately $860,000. Covestor Ltd acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the third quarter valued at approximately $88,000. Flow Traders U.S. LLC lifted its stake in Direxion Daily FTSE China Bull 3X Shares by 131.6% during the third quarter. Flow Traders U.S. LLC now owns 49,987 shares of the exchange traded fund’s stock worth $1,846,000 after purchasing an additional 28,404 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 6.1% in the 3rd 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 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.