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

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

Direxion Daily FTSE China Bull 3X Shares Trading Down 5.5%

Shares of YINN traded down $2.63 during mid-day trading on Friday, reaching $45.33. The company’s stock had a trading volume of 3,345,397 shares, compared to its average volume of 2,331,647. The stock has a market cap of $942.41 million, a P/E ratio of 8.49 and a beta of 0.93. Direxion Daily FTSE China Bull 3X Shares has a 1-year low of $21.41 and a 1-year high of $57.71. The business has a 50-day simple moving average of $45.73 and a two-hundred day simple moving average of $46.92.

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

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new position in Direxion Daily FTSE China Bull 3X Shares in the 2nd quarter valued at about $4,128,000. Jump Financial LLC bought a new position in Direxion Daily FTSE China Bull 3X Shares in the third quarter valued at approximately $4,255,000. Ping Capital Management Inc. raised its position in Direxion Daily FTSE China Bull 3X Shares by 1.8% during the third 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 in the last quarter. Virtu Financial LLC bought a new stake in Direxion Daily FTSE China Bull 3X Shares during the third quarter worth $2,935,000. Finally, Optiver Holding B.V. acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares in the 3rd quarter valued at $2,076,000.

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.