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YINN, a 3x leveraged China ETF, opened lower today despite recent institutional buying.
The Direxion Daily FTSE China Bull 3X Shares (YINN) opened lower on Monday, at $43.38, down from $44.96 the previous day, with recent institutional buying activity.
The ETF, aimed at mirroring 300% of the daily performance of a China-focused ADR index, has seen purchases from several firms, including Bank of Montreal Can and Signature Resources Capital Management LLC.
YINN has a market cap of $1.83 billion and a beta of 2.93.
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YINN, un 3x apalancado China ETF, abrió hoy más bajo a pesar de las recientes compras institucionales.