Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Stock Cross Above Fifty Day Moving Average – Here’s What Happened

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $48.12 and traded as high as $57.71. Direxion Daily FTSE China Bull 3X Shares shares last traded at $56.62, with a volume of 1,678,999 shares trading hands.

Direxion Daily FTSE China Bull 3X Shares Price Performance

The firm has a market cap of $1.48 billion, a P/E ratio of 8.49 and a beta of 1.45. The company’s 50-day moving average is $48.12 and its two-hundred day moving average is $41.38.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Large investors have recently made changes to their positions in the company. Bank of America Corp DE increased its stake in Direxion Daily FTSE China Bull 3X Shares by 34.4% in the second quarter. Bank of America Corp DE now owns 3,128 shares of the exchange traded fund’s stock valued at $128,000 after acquiring an additional 800 shares during the last quarter. Wedmont Private Capital acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 2nd quarter valued at $206,000. Ping Capital Management Inc. bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the 1st quarter valued at $207,000. Sassicaia Capital Advisers LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth $207,000. Finally, XTX Topco Ltd bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 2nd quarter worth $226,000.

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.