Stock Traders Purchase High Volume of Direxion Daily FTSE China Bull 3X Shares Call Options (NYSEARCA:YINN)

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) saw unusually large options trading activity on Monday. Traders purchased 55,418 call options on the company. This is an increase of approximately 50% compared to the average volume of 36,872 call options.

Institutional Investors Weigh In On Direxion Daily FTSE China Bull 3X Shares

Several hedge funds and other institutional investors have recently modified their holdings of YINN. Bank of Montreal Can purchased a new stake in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter worth approximately $40,000. Signature Resources Capital Management LLC purchased a new position in Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at approximately $65,000. Raffles Associates LP bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth approximately $279,000. Formidable Asset Management LLC purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth $279,000. Finally, Cantor Fitzgerald L. P. bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter valued at $284,000.

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

Shares of NYSEARCA YINN opened at $22.36 on Wednesday. Direxion Daily FTSE China Bull 3X Shares has a 12-month low of $17.81 and a 12-month high of $59.26. The firm has a market capitalization of $830.45 million, a price-to-earnings ratio of 9.13 and a beta of 0.88. The firm has a 50 day moving average of $40.13 and a 200 day moving average of $34.50.

Direxion Daily FTSE China Bull 3X Shares Increases Dividend

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

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.