Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Short Interest Up 49.4% in February

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 6,175,463 shares, an increase of 49.4% from the February 12th total of 4,134,730 shares. Based on an average daily volume of 1,849,069 shares, the short-interest ratio is presently 3.3 days. Currently, 29.7% of the shares of the company are sold short. Currently, 29.7% of the shares of the company are sold short. Based on an average daily volume of 1,849,069 shares, the short-interest ratio is presently 3.3 days.

Direxion Daily FTSE China Bull 3X Shares Price Performance

NYSEARCA:YINN opened at $34.41 on Friday. The company has a market capitalization of $715.38 million, a P/E ratio of 8.49 and a beta of 0.93. The business has a fifty day simple moving average of $42.62 and a two-hundred day simple moving average of $46.25. Direxion Daily FTSE China Bull 3X Shares has a 1 year low of $21.41 and a 1 year high of $57.71.

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

Several large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its holdings in Direxion Daily FTSE China Bull 3X Shares by 168.5% during the second quarter. SBI Securities Co. Ltd. now owns 17,958 shares of the exchange traded fund’s stock valued at $736,000 after purchasing an additional 11,269 shares during the last quarter. Optiver Holding B.V. bought a new position in Direxion Daily FTSE China Bull 3X Shares during the third quarter worth about $2,076,000. Ping Capital Management Inc. increased its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 1.8% in the third quarter. Ping Capital Management Inc. now owns 58,000 shares of the exchange traded fund’s stock worth $3,149,000 after purchasing an additional 1,000 shares in the last quarter. Flow Traders U.S. LLC increased its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 76.1% in the second quarter. Flow Traders U.S. LLC now owns 20,197 shares of the exchange traded fund’s stock worth $828,000 after purchasing an additional 8,725 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the second quarter valued at approximately $226,000.

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.