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 large growth in short interest during the month of February. As of February 27th, there was short interest totaling 6,175,463 shares, a growth 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 currently 3.3 days. Currently, 29.7% of the company’s shares are short sold. Currently, 29.7% of the company’s shares are short sold. Based on an average daily volume of 1,849,069 shares, the short-interest ratio is currently 3.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. raised its position in Direxion Daily FTSE China Bull 3X Shares by 168.5% in the 2nd 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 in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the second quarter worth about $4,128,000. XTX Topco Ltd purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the second quarter worth approximately $226,000. Flow Traders U.S. LLC increased its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 76.1% during the second quarter. Flow Traders U.S. LLC now owns 20,197 shares of the exchange traded fund’s stock worth $828,000 after buying an additional 8,725 shares during the period. Finally, Bank of America Corp DE raised 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 acquiring an additional 800 shares in the last quarter.

Direxion Daily FTSE China Bull 3X Shares Trading Up 0.6%

Shares of NYSEARCA YINN opened at $34.41 on Monday. The stock has a market capitalization of $715.38 million, a PE ratio of 8.49 and a beta of 0.93. The stock has a fifty day simple moving average of $42.62 and a 200-day simple moving average of $46.25. Direxion Daily FTSE China Bull 3X Shares has a twelve month low of $21.41 and a twelve month high of $57.71.

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.