72.15 +0.36 (0.50%)
After hours: 7:28PM EDT
|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||70.44 - 72.76|
|52 Week Range||42.91 - 705.00|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||-3.95|
|Expense Ratio (net)||0.96%|
The leveraged and inverse leveraged space has grabbed investors' attention at the start of October in order to magnify returns on quick market turns.
Wow. Just wow. Chinese markets are off 25% on average. It has been total carnage since the trade war started with the United States. Tariffs are clearly hurting the country more that perhaps would have been imagined.
The tit-for-tat trade wars has been confounding the markets, causing the Dow Jones Industrial Average to spin like a whirling dervish the past few days after it was up 143 points on Tuesday and then slipped over 200 points on Wednesday, but Thursday belonged to China ETF bulls, particularly the Direxion Daily FTSE China Bull 3X ETF (YINN) . YINN seeks the daily investment results of the FTSE China 50 Index with a leveraged component. As a result, YINN is up 5.10% as of 2:15 p.m. Eastern Time.
Amid escalating trade tensions between the U.S. and China, the world's two largest economies, Chinese stocks and the related US-listed ETFs are slumping. China’s purchasing manager index readings for June already revealed a gauge of export orders falling, which suggested that the trade war is already impeding growth. Risk-tolerant traders may want to consider the Direxion Daily FTSE China Bull 3X ETF (YINN) and Direxion Daily FTSE China Bear 3X ETF (YANG) .
While it's no question that the trade wars between the U.S. and China have been roiling the markets for both respective economic superpowers, China ETF traders will often have to wait and see how the market reacts in order to play the bull or bear, but Direxion Investments offers ETFs that allow traders to play both sides. Direxion offers the Direxion Daily FTSE China Bull 3X ETF (YINN) and Direxion Daily FTSE China Bear 3X ETF (YANG) to allow China ETF traders to be in the thick of the markets whether they decide to go long or short. Today marked the official day that U.S. President Donald Trump's administration began imposing tariffs on as much as 25 percent on $34 billion in Chinese imports.
Thanks to heightened volatility and uncertainty, the leveraged and inverse leveraged space have grabbed maximum investor attention in June.
Down more than 8 percent over the past month, the FTSE China 50 Index, one of the most widely followed gauges of Chinese stocks, is on a losing streak of more than two weeks, the likes of which the benchmark has not seen in several years. Amid fears of an escalating trade war with the U.S., the FTSE China 50 Index is close to entering a bear market. Aggressive, short-term traders looking to establish bearish positions on large-cap Chinese stocks have some exchange traded funds (ETFs) to consider, including the Direxion Daily FTSE China Bear 3X Shares (NYSE: YANG).
The escalating trade-war rhetoric is dragging on Chinese markets. Investors who believe the increasing tariffs will weigh on further growth in China's economy can look to a number of bearish exchange traded fund plays to capitalize on this emerging country's misfortunes. The iShares China Large-Cap ETF (FXI) , the largest China-related ETF, continued to decline 2.0% Thursday after falling off 7.9% over the past three months.
NEW YORK , Feb. 28, 2018 /PRNewswire/ -- Direxion has announced it will execute a reverse split of the issued and outstanding shares of the Direxion Daily Technology Bear 3X Shares, Direxion Daily Energy ...