Covestor Ltd Acquires New Shares in Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)

Covestor Ltd bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,383 shares of the exchange traded fund’s stock, valued at approximately $88,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strategic Wealth Investment Group LLC purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at approximately $860,000. Quadrature Capital Ltd acquired a new stake in Direxion Daily FTSE China Bull 3X Shares in the 1st quarter valued at approximately $281,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the second quarter valued at approximately $277,000. Finally, Gateway Advisory LLC raised its position in 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 valued at $402,000 after purchasing an additional 3,000 shares during the period.

Direxion Daily FTSE China Bull 3X Shares Stock Down 0.7 %

YINN opened at $28.16 on Thursday. Direxion Daily FTSE China Bull 3X Shares has a 52 week low of $13.40 and a 52 week high of $59.26. The business has a fifty day simple moving average of $32.69 and a 200-day simple moving average of $27.06. The firm has a market cap of $1.26 billion, a P/E ratio of 4.13 and a beta of 2.93.

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.