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flag YINN, a 3x leveraged China ETF, opened lower today despite recent institutional buying.

flag 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. flag 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. flag YINN has a market cap of $1.83 billion and a beta of 2.93.

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