Short Interest in Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Drops By 18.0%

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 3,671,768 shares, a decrease of 18.0% from the January 15th total of 4,477,741 shares. Based on an average trading volume of 2,271,653 shares, the short-interest ratio is currently 1.6 days. Approximately 17.7% of the shares of the stock are sold short. Approximately 17.7% of the shares of the stock are sold short. Based on an average trading volume of 2,271,653 shares, the short-interest ratio is currently 1.6 days.

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

Several institutional investors have recently modified their holdings of the company. Pilgrim Partners Asia Pte Ltd purchased a new position in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at approximately $43,000. Bank of America Corp DE grew its holdings in Direxion Daily FTSE China Bull 3X Shares by 34.4% in the second quarter. Bank of America Corp DE now owns 3,128 shares of the exchange traded fund’s stock valued at $128,000 after purchasing an additional 800 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the fourth quarter valued at $223,000. XTX Topco Ltd acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the 2nd quarter worth $226,000. Finally, Parallel Advisors LLC boosted its position in shares of Direxion Daily FTSE China Bull 3X Shares by 6.0% in the 3rd quarter. Parallel Advisors LLC now owns 5,300 shares of the exchange traded fund’s stock worth $288,000 after buying an additional 300 shares in the last quarter.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

Direxion Daily FTSE China Bull 3X Shares stock opened at $41.97 on Wednesday. Direxion Daily FTSE China Bull 3X Shares has a one year low of $21.41 and a one year high of $57.71. The business has a fifty day moving average of $44.87 and a two-hundred day moving average of $47.20. The company has a market cap of $872.56 million, a P/E ratio of 8.49 and a beta of 0.93.

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.