YINN

Direxion Daily FTSE China Bull 3X Shares

$48.59

+0.00%

Market closed. Last update: 11:59 AM ET

📎 Investment Objective

YINN seeks to provide daily investment results that correspond to three times (3x) the daily performance of the FTSE China 50 Index, which tracks the performance of the 50 largest and most liquid Chinese stocks listed on the Hong Kong Stock Exchange.

Overview

ETF tracking Direxion Daily FTSE China Bull 3X Shares

Category Leveraged

Issuer Other

Inception Date 2009-12-03

Market Cap $935.0M

Average Volume N/A

Dividend Yield 1.40%

52-Week Range $22.36 - $56.62

VWAP $48.88

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

YINN uses a combination of financial instruments, such as futures contracts and swaps, to provide leveraged exposure to the FTSE China 50 Index. The fund aims to achieve its 3x daily target by adjusting its portfolio on a daily basis.

✨ Key Features

Provides 3x daily leveraged exposure to the FTSE China 50 Index
Suitable for short-term, speculative trading and not intended for long-term buy-and-hold investors
Resets daily, so long-term returns may differ significantly from the index performance multiplied by 3
High expense ratio of 0.95% due to the cost of maintaining leveraged exposure

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for large daily losses that are magnified compared to the underlying index
Volatility risk as the fund's performance can vary greatly from the index on a day-to-day basis
Liquidity risk as the fund may have lower trading volume and wider bid-ask spreads

👤 Best For

YINN is best suited for experienced, risk-tolerant investors with a short-term investment horizon who are looking to speculate on the Chinese equity market. It is not recommended for long-term buy-and-hold investors or those with a low risk tolerance.