Short Interest in Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Declines By 32.7%

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 4,399,468 shares, a drop of 32.7% from the December 15th total of 6,534,611 shares. Approximately 21.2% of the shares of the company are sold short. Based on an average trading volume of 1,465,898 shares, the short-interest ratio is presently 3.0 days. Based on an average trading volume of 1,465,898 shares, the short-interest ratio is presently 3.0 days. Approximately 21.2% of the shares of the company are sold short.

Direxion Daily FTSE China Bull 3X Shares Price Performance

YINN stock opened at $47.96 on Friday. The company has a market cap of $997.09 million, a price-to-earnings ratio of 8.49 and a beta of 0.93. The company has a fifty day moving average price of $45.79 and a 200 day moving average price of $46.85. Direxion Daily FTSE China Bull 3X Shares has a 12 month low of $21.41 and a 12 month high of $57.71.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC grew its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 6.0% during the third 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 during the last quarter. Bank of America Corp DE lifted its position in Direxion Daily FTSE China Bull 3X Shares by 34.4% during the 2nd quarter. Bank of America Corp DE now owns 3,128 shares of the exchange traded fund’s stock worth $128,000 after acquiring an additional 800 shares during the period. Ping Capital Management Inc. grew its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 1.8% in the 3rd quarter. Ping Capital Management Inc. now owns 58,000 shares of the exchange traded fund’s stock valued at $3,149,000 after purchasing an additional 1,000 shares during the last quarter. Flow Traders U.S. LLC grew its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 5.7% in 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. Finally, Sovereign Financial Group Inc. increased its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 30.0% in the second quarter. Sovereign Financial Group Inc. now owns 10,067 shares of the exchange traded fund’s stock valued at $413,000 after purchasing an additional 2,322 shares during the period.

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.