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) saw some unusual options trading on Thursday. Stock traders bought 28,185 call options on the stock. This represents an increase of 63% compared to the typical volume of 17,339 call options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of YINN. Tower Research Capital LLC TRC boosted its position in Direxion Daily FTSE China Bull 3X Shares by 159.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,724 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 1,674 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 34.8% during the fourth quarter. Parallel Advisors LLC now owns 6,250 shares of the exchange traded fund’s stock valued at $131,000 after acquiring an additional 1,615 shares during the period. Viewpoint Capital Management LLC grew its position in shares of Direxion Daily FTSE China Bull 3X Shares by 17.3% during the fourth quarter. Viewpoint Capital Management LLC now owns 6,780 shares of the exchange traded fund’s stock worth $142,000 after acquiring an additional 1,000 shares during the last quarter. Pathstone Family Office LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter worth about $567,000. Finally, Barclays PLC lifted its position in Direxion Daily FTSE China Bull 3X Shares by 3,594.5% in the 3rd quarter. Barclays PLC now owns 20,098 shares of the exchange traded fund’s stock valued at $581,000 after purchasing an additional 19,554 shares during the last quarter.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

Shares of YINN stock opened at $27.05 on Friday. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 4.13 and a beta of 2.93. Direxion Daily FTSE China Bull 3X Shares has a one year low of $13.40 and a one year high of $46.87. The company’s 50-day simple moving average is $19.66 and its 200-day simple moving average is $20.51.

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.