Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Short Interest Down 40.1% in July

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 3,024,565 shares, a decline of 40.1% from the July 15th total of 5,046,361 shares. Based on an average daily volume of 1,259,090 shares, the days-to-cover ratio is presently 2.4 days. Currently, 12.8% of the company’s stock are short sold.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

Shares of Direxion Daily FTSE China Bull 3X Shares stock traded down $0.13 during midday trading on Tuesday, hitting $28.46. The company had a trading volume of 587,750 shares, compared to its average volume of 2,095,252. Direxion Daily FTSE China Bull 3X Shares has a 52-week low of $20.69 and a 52-week high of $57.71. The stock has a market capitalization of $672.79 million, a P/E ratio of 8.49 and a beta of 1.03. The company has a 50 day moving average of $27.25 and a 200 day moving average of $32.83.

Hedge Funds Weigh In On Direxion Daily FTSE China Bull 3X Shares

A number of hedge funds have recently bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd purchased a new position in Direxion Daily FTSE China Bull 3X Shares in the fourth quarter worth about $43,000. Bank of America Corp DE lifted its position in Direxion Daily FTSE China Bull 3X Shares by 34.4% in 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 in the last quarter. Parallel Advisors LLC raised its stake in shares of 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 purchasing an additional 300 shares during the last quarter. Corient Private Wealth LLC bought a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter valued at $299,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Direxion Daily FTSE China Bull 3X Shares by 58.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 9,022 shares of the exchange traded fund’s stock valued at $384,000 after purchasing an additional 3,341 shares in the last quarter.

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.