Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Short Interest Update

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 3,024,565 shares, a drop of 40.1% from the July 15th total of 5,046,361 shares. Based on an average trading volume of 1,259,090 shares, the short-interest ratio is presently 2.4 days. Currently, 12.8% of the company’s stock are sold short.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of YINN. Group One Trading LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter valued at about $1,266,000. Corient Private Wealth LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 4th quarter worth about $299,000. HRT Financial LP bought a new position in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at about $692,000. XTX Topco Ltd lifted its position in Direxion Daily FTSE China Bull 3X Shares by 277.0% in the 3rd quarter. XTX Topco Ltd now owns 20,767 shares of the exchange traded fund’s stock valued at $1,127,000 after acquiring an additional 15,259 shares in the last quarter. Finally, Flow Traders U.S. LLC boosted its stake in Direxion Daily FTSE China Bull 3X Shares by 5.7% during the 3rd quarter. Flow Traders U.S. LLC now owns 21,349 shares of the exchange traded fund’s stock valued at $1,159,000 after purchasing an additional 1,152 shares during the last quarter.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

Shares of NYSEARCA YINN traded up $1.37 during midday trading on Wednesday, hitting $29.90. 375,680 shares of the stock traded hands, compared to its average volume of 2,084,517. Direxion Daily FTSE China Bull 3X Shares has a one year low of $20.69 and a one year high of $57.71. The business has a 50 day moving average price of $27.25 and a two-hundred day moving average price of $32.69. The company has a market cap of $706.84 million, a PE ratio of 8.49 and a beta of 1.03.

About Direxion Daily FTSE China Bull 3X Shares

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.