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

Posted by Trent Williams on Mar 13th, 2025

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $42.73, but opened at $45.05. Direxion Daily FTSE China Bull 3X Shares shares last traded at $44.25, with a volume of 1,274,829 shares trading hands.

Direxion Daily FTSE China Bull 3X Shares Trading Down 0.5 %

The stock has a market capitalization of $2.01 billion, a P/E ratio of 12.60 and a beta of 1.06. The company’s 50-day moving average is $34.55 and its two-hundred day moving average is $31.80.

Hedge Funds Weigh In On Direxion Daily FTSE China Bull 3X Shares

Large investors have recently made changes to their positions in the business. Formidable Asset Management LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at approximately $279,000. Cantor Fitzgerald L. P. acquired a new position in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at $284,000. Raffles Associates LP purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter worth about $279,000. Two Sigma Securities LLC purchased a new position in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at about $647,000. Finally, Jump Financial LLC increased its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 698.0% in the 4th quarter. Jump Financial LLC now owns 238,375 shares of the exchange traded fund’s stock valued at $6,660,000 after purchasing an additional 208,503 shares during the period.

About Direxion Daily FTSE China Bull 3X Shares

(Get Free Report)

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.