Direxion Daily FTSE China Bull 3X Shares Target of Unusually Large Options Trading (NYSEARCA:YINN)

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) was the recipient of some unusual options trading activity on Monday. Traders bought 55,418 call options on the company. This represents an increase of approximately 50% compared to the typical daily volume of 36,872 call options.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TB Alternative Assets Ltd. bought a new position in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at approximately $19,162,000. IMC Chicago LLC purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at $15,845,000. Jump Financial LLC lifted its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 698.0% during the 4th quarter. Jump Financial LLC now owns 238,375 shares of the exchange traded fund’s stock valued at $6,660,000 after buying an additional 208,503 shares during the period. Shengqi Capital Hong Kong Ltd bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at $5,681,000. Finally, Barclays PLC grew its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 215.2% in the fourth quarter. Barclays PLC now owns 77,038 shares of the exchange traded fund’s stock worth $2,152,000 after acquiring an additional 52,600 shares during the period.

Direxion Daily FTSE China Bull 3X Shares Trading Down 3.0 %

Shares of YINN opened at $22.36 on Wednesday. The company has a market cap of $830.45 million, a price-to-earnings ratio of 9.13 and a beta of 0.88. The business’s fifty day simple moving average is $40.13 and its two-hundred day simple moving average is $34.50. Direxion Daily FTSE China Bull 3X Shares has a 12 month low of $17.81 and a 12 month high of $59.26.

Direxion Daily FTSE China Bull 3X Shares Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a dividend of $0.1149 per share. The ex-dividend date was Tuesday, March 25th. This is a boost from Direxion Daily FTSE China Bull 3X Shares’s previous dividend of $0.03.

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.