Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) was the recipient of a large decline in short interest during the month of September. As of September 28th, there was short interest totalling 276,343 shares, a decline of 63.5% from the September 14th total of 757,000 shares. Based on an average daily trading volume, of 1,817,208 shares, the days-to-cover ratio is currently 0.2 days.

Shares of YINN stock opened at $19.48 on Wednesday. Direxion Daily FTSE China Bull 3X Shares has a 1-year low of $17.33 and a 1-year high of $53.89.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 2nd. Investors of record on Wednesday, September 26th were paid a dividend of $0.1339 per share. The ex-dividend date was Tuesday, September 25th. This represents a $0.54 annualized dividend and a yield of 2.75%.

A number of hedge funds have recently made changes to their positions in the stock. UBS Group AG acquired a new stake in Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth about $170,000. SG Americas Securities LLC acquired a new stake in Direxion Daily FTSE China Bull 3X Shares during the 2nd quarter worth about $1,566,000. SP Asset Management acquired a new stake in Direxion Daily FTSE China Bull 3X Shares during the 2nd quarter worth about $508,000. Virtu Financial LLC acquired a new stake in Direxion Daily FTSE China Bull 3X Shares during the 2nd quarter worth about $581,000. Finally, XR Securities LLC acquired a new stake in Direxion Daily FTSE China Bull 3X Shares during the 2nd quarter worth about $273,000.

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.

See Also: Fundamental Analysis and Individual Investors

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