YANG’s five-day average volume was almost 114% above the trailing 20-day average, according to issuer data. Last week, YANG’s shares outstanding surge 46%.
Bets on YANG are proving risky while long positions in YINN are clearly being rewarded. Of the 25 ETFs that have 52-week highs to this point Monday, 11 are China funds, including FXI and YINN.
YANG’s 30-day variance versus three times its underlying index’s performance is -4.4%, which is not nearly as bad as the variances seen over that period by leveraged inverse Russia and gold miners ETFs. YINN’s 30-day variance versus triple the performance of the FTSE China 50 Index is 3.93%, according to Direxion data.
Direxion Daily FTSE China Bull 3X Shares
