In today’s session Direxion Daily China Bull 3x Shares ETF (YINN) registered an unusually high (136) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious YINN increase. With 136 contracts traded and 2804 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: YINN161216C00018000 closed last at: $0.7 or 27.3% up. Direxion Daily China Bull 3x Shares ETF (NYSEARCA:YINN) has risen 20.56% since April 26, 2016 and is uptrending. It has outperformed by 15.30% the S&P500.
Direxion Daily China Bull 3x Shares ETF seeks daily investment results of 300% of the price performance of the BNY China Select ADR Index (the China Index). The ETF has a market cap of $142.77 million. 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. It currently has negative earnings. Under normal circumstances, it focuses on creating long positions, by investing at least 80% of its net assets in the equity securities that comprise its underlying index and/or futures contracts; options on securities, indices and futures contracts; equity caps, collars and floors; swap agreements; forward contracts; repurchase agreements, and reverse repurchase agreements.
More notable recent Direxion Daily China Bull 3x Shares ETF (NYSEARCA:YINN) news were published by: Investorplace.com which released: “Trade of the Day: Direxion Daily China Bull 3x Shares ETF (NYSEARCA:YINN)” on November 22, 2016, also Marketwatch.com with their article: “Direxion Daily FTSE China Bull 3X Shares” published on June 25, 2011, Schaeffersresearch.com published: “How These ETFs Stack Up Amid China’s Market Meltdown” on July 08, 2015. More interesting news about Direxion Daily China Bull 3x Shares ETF (NYSEARCA:YINN) were released by: Quotes.Wsj.com and their article: “DOW JONES, A NEWS CORP COMPANY” published on September 03, 2014 as well as Etftrends.com‘s news article titled: “Returns to China ETFs Stokes Leveraged Activity” with publication date: April 06, 2015.
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