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 during 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 currently 3.3 days. Approximately 29.7% of the shares of the company are sold short. Approximately 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 currently 3.3 days.

Direxion Daily FTSE China Bull 3X Shares Price Performance

Shares of Direxion Daily FTSE China Bull 3X Shares stock opened at $34.41 on Friday. Direxion Daily FTSE China Bull 3X Shares has a 1 year low of $21.41 and a 1 year high of $57.71. The firm has a market cap of $715.38 million, a PE ratio of 8.49 and a beta of 0.93. The stock has a fifty day moving average price of $42.62 and a 200-day moving average price of $46.25.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

A number of large investors have recently added to or reduced their stakes in YINN. Parallel Advisors LLC raised its position in Direxion Daily FTSE China Bull 3X Shares by 6.0% in the third quarter. Parallel Advisors LLC now owns 5,300 shares of the exchange traded fund’s stock worth $288,000 after acquiring an additional 300 shares during the period. Bank of America Corp DE grew its position in shares of 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 valued at $128,000 after acquiring an additional 800 shares during the period. Ping Capital Management Inc. increased its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 1.8% during the 3rd 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 during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth approximately $43,000. Finally, Flow Traders U.S. LLC raised its holdings 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 worth $1,159,000 after purchasing an additional 1,152 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.