Why is YINN down?
Summary. Direxion 3x China Bull ETF (YINN) has slumped along with its benchmark FXI on the devastating coronavirus crisis. YINN declined more than -10% over the past year despite FXI being virtually flat due to leverage decay. Recent relief rally is most likely short-lived with the Chinese yuan stuck near the 7 handle.
Is YINN an ETF?
This ETF offers 3x daily long leverage to FTSE China 50 Index, making it a powerful tool for investors with a bullish short-term outlook for China large cap stocks. Investors should note that YINN's leverage resets on a daily basis, which results in compounding of returns when held for multiple periods.
What index does YINN track?
Fund InformationFund SymbolDaily TargetBenchmark IndexYINN300%TXIN0UNUYANG-300%TXIN0UNU
What stocks does YINN hold?
Top 4 HoldingsCompanySymbolTotal Net AssetsiShares China Large-Cap ETFFXI40.83%Dreyfus Government Cash Management Institutional ShsDGCXX35.41%Financial Square Government Fund FST SharesFGTXX8.41%Financial Square Treasury Instruments Fund FST SharesFTIXX5.01%
Is KWEB a good buy?
KWEB's prospective returns are quite high, as the fund's underlying holdings are growing quite rapidly, and as the fund is trading at historically low prices. Strong growth at a cheap price is a potent combination, and quite rare under current market conditions.
What stocks are in CWEB ETF?
Top 3 HoldingsCompanySymbolTotal Net AssetsDreyfus Government Cash Management Institutional ShsDGCXX51.86%KraneShares CSI China Internet ETFKWEB45.63%Financial Square Treasury Instruments Fund FST SharesFTIXX16.67%
What is FXI ETF?
FXI tracks a market-cap-weighted index of the 50 largest Chinese stocks traded on the Hong Kong Stock Exchange.
How has Direxion Daily FTSE China Bull 3X Shares' stock price performed in 2022?
Direxion Daily FTSE China Bull 3X Shares' stock was trading at $166.60 at the beginning of the year. Since then, YINN stock has decreased by 45.3%...
Is Direxion Daily FTSE China Bull 3X Shares a good dividend stock?
Direxion Daily FTSE China Bull 3X Shares(NYSEARCA:YINN) pays an annual dividend of $0.03 per share and currently has a dividend yield of 0.03%. Vi...
When did Direxion Daily FTSE China Bull 3X Shares' stock split? How did Direxion Daily FTSE China Bull 3X Shares' stock split work?
Direxion Daily FTSE China Bull 3X Shares shares reverse split on the morning of Tuesday, May 31st 2022. The 1-20 reverse split was announced on Tue...
Who are Direxion Daily FTSE China Bull 3X Shares' key executives?
Direxion Daily FTSE China Bull 3X Shares' management team includes the following people: Daniel D. ONeill , Chief Executive Officer, Chief Invest...
What other stocks do shareholders of Direxion Daily FTSE China Bull 3X Shares own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Direxion Daily FTSE China Bull 3X Shares investors own incl...
What is Direxion Daily FTSE China Bull 3X Shares' stock symbol?
Direxion Daily FTSE China Bull 3X Shares trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "YINN."
Who are Direxion Daily FTSE China Bull 3X Shares' major shareholders?
Direxion Daily FTSE China Bull 3X Shares' stock is owned by many different retail and institutional investors. Top institutional shareholders inclu...
Which major investors are selling Direxion Daily FTSE China Bull 3X Shares stock?
YINN stock was sold by a variety of institutional investors in the last quarter, including Cutler Group LP, Renaissance Technologies LLC, HighTower...
Which major investors are buying Direxion Daily FTSE China Bull 3X Shares stock?
YINN stock was acquired by a variety of institutional investors in the last quarter, including TB Alternative Assets Ltd., Simplex Trading LLC, UBS...
How has Direxion Daily FTSE China Bull 3X Shares' stock price been impacted by COVID-19 (Coronavirus)?
Direxion Daily FTSE China Bull 3X Shares' stock was trading at $14.70 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, YINN shares have decreased by 51.3% and is now trading at $7.16. View which stocks have been most impacted by COVID-19.
Is Direxion Daily FTSE China Bull 3X Shares a good dividend stock?
Direxion Daily FTSE China Bull 3X Shares pays an annual dividend of $0.06 per share and currently has a dividend yield of 0.85%. View Direxion Daily FTSE China Bull 3X Shares' dividend history.
What is Direxion Daily FTSE China Bull 3X Shares' stock symbol?
Direxion Daily FTSE China Bull 3X Shares trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "YINN."
How do I buy shares of Direxion Daily FTSE China Bull 3X Shares?
Shares of YINN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.
How much money does Direxion Daily FTSE China Bull 3X Shares make?
Direxion Daily FTSE China Bull 3X Shares has a market capitalization of $421.72 million.
Where are Direxion Daily FTSE China Bull 3X Shares' headquarters?
Direxion Daily FTSE China Bull 3X Shares is headquartered at 10th Floor, 33 Whitehall Street, NEW YORK, NY 10004, United States.
YINN Chart
After falling 77% from ATH to a level lower than Mar2020, I think YINN is ready to reverse. What is forming maybe a head & shoulder pattern inside a diamond pattern. Measured TP of H&S is 18. I think it will go to 16 first, then retrace to 13 before going to the TP at 18. Many Chinese stocks are already making HLHH like BIDU, JD, NIO, VIPS, LI.
Ideas
After falling 77% from ATH to a level lower than Mar2020, I think YINN is ready to reverse. What is forming maybe a head & shoulder pattern inside a diamond pattern. Measured TP of H&S is 18. I think it will go to 16 first, then retrace to 13 before going to the TP at 18. Many Chinese stocks are already making HLHH like BIDU, JD, NIO, VIPS, LI.
