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yinn stock price — YINN ETF Overview

yinn stock price — YINN ETF Overview

This guide explains YINN (Direxion Daily FTSE China Bull 3X Shares), how the yinn stock price is quoted and calculated, differences between market price and NAV, key risks of leveraged ETFs, where ...
2024-07-15 08:08:00
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YINN (Direxion Daily FTSE China Bull 3X Shares) — Overview

YINN is a US-listed leveraged exchange-traded fund that seeks daily investment results of +300% of the FTSE China 50 Index’s daily performance. The term yinn stock price commonly refers to the fund’s market-traded share price — and sometimes to its net asset value (NAV). This article explains what drives the yinn stock price, how NAV is calculated, where to find quotes, the fund’s strategy and risks, and practical steps to monitor the fund using brokerage or market data platforms. Read on to learn how to interpret yinn stock price movements and what to watch before trading.

Fund Identity and Key Facts

  • Ticker: YINN
  • Full fund name: Direxion Daily FTSE China Bull 3X Shares
  • Issuer / sponsor: Direxion (management & distribution), with portfolio management partners such as Rafferty Asset Management noted on official materials
  • Primary listings: NYSE Arca and/or NYSE American (check current listing details in real-time)
  • Typical inception and identifiers: consult the fund prospectus or issuer fact sheet for inception date and CUSIP/security identifiers
  • Typical data points investors track: market price (yinn stock price), NAV per share, assets under management (AUM), shares outstanding, expense ratio, distribution history

This section gives a concise identification snapshot so readers understand the product being discussed when they monitor the yinn stock price.

Ticker and Market Data

When people search for yinn stock price they usually mean the market price quoted on an exchange during trading hours. The yinn stock price (market price) is determined by buy and sell orders on the listing exchange and can diverge from the fund’s net asset value (NAV).

NAV is the per-share value of the fund's underlying holdings divided by shares outstanding, calculated at the end of each trading day. The market yinn stock price can be above (premium) or below (discount) NAV. Real-time and delayed quotes for the yinn stock price are available from major market data providers and brokerage platforms. Common places to view quotes include large financial data sites, exchange quote pages, real-time charting platforms, and your brokerage.

Market data sources give different feeds and timestamps: some show real-time prices, others show delayed quotes. When checking the yinn stock price, confirm whether the data is real-time or delayed and whether it reflects intra-day indicative NAV values.

Investment Objective and Strategy

YINN’s stated investment objective is to seek daily investment results, before fees and expenses, of 300% of the daily performance of the FTSE China 50 Index. To pursue this objective, the fund typically uses leverage and derivatives such as total return swaps, futures contracts, and other instruments. These derivatives provide amplified exposure to the daily returns of the underlying index.

Because the fund targets daily performance at a 3x multiple, its performance over periods longer than one trading day will vary from exactly 3x the index due to compounding, path dependency, and daily rebalancing. The fund is therefore primarily designed for short-term or tactical exposure, rather than buy-and-hold investors.

Index Tracked and Underlying Exposure

YINN tracks the FTSE China 50 Net Tax USD Index as its benchmark. The FTSE China 50 Index is composed of 50 of the largest Chinese companies by market capitalization that trade on the Hong Kong Stock Exchange and are available to international investors in the H-share / Hong Kong listings.

Key points about the underlying index exposure:

  • Constituents are typically large-cap Chinese firms listed in Hong Kong.
  • The index excludes mainland A-share-only companies and some US-listed Chinese ADRs unless they are included in the FTSE China 50 methodology.
  • Sector composition is often concentrated in financials, consumer discretionary, information technology, and industrials, depending on index rebalances.

Because the ETF uses derivatives rather than holding the full index basket, the fund’s exposure is synthetically achieved and can involve counterparty arrangements.

Holdings and Portfolio Construction

YINN’s public holdings may include derivative positions rather than direct long positions in each index constituent. Typical portfolio construction elements include:

  • Swap agreements or futures positions referencing the FTSE China 50 Index.
  • Cash and cash-like instruments (Treasury bills, short-term repo) held as collateral to support leverage and margin requirements.
  • Short-dated instruments and frequent rebalancing to maintain the target 3x exposure each trading day.

The number of explicit line-item holdings reported in official holdings disclosures may be limited because derivatives aggregate exposure. Sector breakdowns and top exposures are often shown on the issuer’s daily holdings page or fact sheet, and they change frequently due to the active rebalancing required by leveraged strategies.

Pricing Mechanics — NAV vs. Market Price

NAV calculation

  • NAV is calculated by taking the total market value of the fund’s assets (including the fair value of derivatives and cash collateral), subtracting liabilities, and dividing by the number of shares outstanding. NAV is typically published once per trading day after market close.

Market price behavior

  • The yinn stock price seen on exchanges is formed by supply and demand from buyers and sellers. Market price can trade at a premium or discount to NAV, particularly for leveraged ETFs.

Premiums and discounts

  • Premium: yinn stock price > NAV. May occur when market demand exceeds the supply of shares or when intra-day indicative NAV is not aligned with market sentiment.
  • Discount: yinn stock price < NAV. May occur when liquidity is thin, market makers step back during volatility, or derivatives fair value adjustments occur outside exchange hours.

Intra-day indicative values

  • Some issuers and data providers publish an indicative intra-day value (IIV) or intra-day NAV estimate. This helps traders compare the real-time yinn stock price to an intraday NAV proxy.

Factors causing divergence

  • Liquidity differences between US trading hours and the Hong Kong-listed underlying stocks.
  • Market stress and volatility causing wider bid/ask spreads.
  • Differences in pricing of derivatives versus the underlying index during periods of low liquidity.
  • Delays or gaps in reporting fair value for illiquid or overseas instruments.

Understanding these mechanics helps explain why the yinn stock price can change independently of end-of-day NAV.

Performance and Historical Returns

Performance is reported across multiple timeframes: 1-day, year-to-date (YTD), 1-year, 3-year, 5-year, and since-inception. Because YINN targets 3x the daily return of its benchmark, compounded returns over longer periods can diverge substantially from simply multiplying index returns by 3.

Key considerations when reviewing historical yinn stock price performance:

  • Daily rebalancing leads to path dependency. In trending markets, leverage can magnify gains; in highly volatile or choppy markets, leveraged ETFs can suffer from erosion relative to the underlying index.
  • Volatility drag: frequent reversals in the underlying can reduce multi-day returns compared to the anticipated 3x multiple.
  • Tracking error: differences between the yinn stock price return and 3x the index can arise from fees, funding costs, derivative roll costs, and imperfect replication.

Historical ranges and typical YTD/1Y figures should be obtained from current market data providers as returns change daily. For context, investors often examine 1D, 1W, 1M, YTD, and 1Y figures from their data provider to understand recent yinn stock price behavior.

Risks and Considerations

YINN carries several risk categories that directly affect the yinn stock price and investor outcomes:

  • Leverage and daily rebalancing risk: The fund’s 3x daily objective makes it sensitive to compounding effects and path dependency. Multi-day results can differ significantly from 3x the index return.
  • High volatility risk: Amplification of losses and gains means rapid and large price moves in the yinn stock price.
  • Counterparty and derivatives risk: Use of swaps and futures exposes the fund to counterparty credit risk and potential settlement issues.
  • Liquidity and trading risk: During market stress, bid/ask spreads can widen and the market yinn stock price may move away from NAV.
  • Tracking error and funding costs: Management fees, financing costs for leverage, and slippage can drag multi-day performance relative to the benchmark multiple.

Regulatory and operational disclosures in the prospectus outline these risks in detail. The fund is typically marketed to sophisticated investors and short-term traders who understand leverage mechanics.

Suitability and Trading Use-Cases

Common use-cases for YINN include:

  • Short-term tactical exposure: Traders seeking amplified exposure to a short-term view on large-cap Chinese stocks.
  • Intraday or day-trade speculation: The daily objective makes the fund suited to intraday strategies where traders manage positions actively.
  • Hedging: In some strategies, investors may use YINN in conjunction with other positions to achieve a particular risk profile.

Why YINN is generally not appropriate for long-term buy-and-hold:

  • Over multi-day horizons, performance can deviate from expectations due to compounding and volatility drag.
  • The ongoing cost of leverage and potential path-dependent erosion can make buy-and-hold detrimental relative to non-levered alternatives.

Investors should carefully match time horizon, risk tolerance, and monitoring capabilities before trading YINN.

Fees, Distributions, and Tax Treatment

Fees

  • YINN charges an expense ratio to cover management and operational costs. Check the issuer’s fact sheet or prospectus for current gross and net expense ratios, as these figures can change and may include fee waivers.

Distributions

  • The fund may pay dividends or distributions if underlying instruments produce income. Distribution cadence (quarterly, semi-annual, etc.) is reported on the fact sheet and regulatory filings.

Tax treatment (high-level for US investors)

  • Distributions are typically treated as ordinary income unless classified otherwise by the issuer.
  • Capital gains or losses are realized on sale based on cost basis and holding period.
  • Because YINN uses derivatives extensively, the tax character of distributions can be complex. Investors should consult tax professionals and the fund’s tax disclosures for definitive guidance.

No part of this article is tax advice. For tax decisions, rely on your tax advisor and the fund’s prospectus.

Operational Events and Corporate Actions

Investors monitoring the yinn stock price should also watch for operational events that can materially affect the fund:

  • Reverse splits: To maintain minimum share price ranges, issuers occasionally perform reverse splits, which adjust the share count and per-share price.
  • Expense-waiver changes: Fee waivers can be added or removed, impacting net returns.
  • Changes to fund structure: Any change in strategy, index tracked, or the use of derivatives is material.
  • Suspension of creations/redemptions: In extreme market conditions, the ETF creation/redemption mechanism can be restricted, influencing the yinn stock price.

Issuer communications, regulatory filings, and exchange notices provide authoritative information on such events. Direxion press releases and fund fact sheets are primary sources for official updates.

How to Monitor “YINN Stock Price”

Practical steps to monitor the yinn stock price effectively:

  1. Use a brokerage platform with real-time quotes: Your broker’s trade ticket shows the market yinn stock price, bid/ask spreads, volume, and last trade. For trading, rely on your broker’s real-time feed.

  2. Compare market price to NAV: Check the end-of-day NAV from the issuer and any intra-day indicative NAV if available. Comparing market price to NAV clarifies premium/discount.

  3. Check multiple data providers: Cross-reference quotes from reputable market data sites and exchange quote pages to validate price and volume figures.

  4. Review liquidity metrics: Look at average daily volume and recent trade sizes to assess execution risk for the desired order size.

  5. Monitor news and issuer updates: Material announcements can move the yinn stock price rapidly. Issuer fact sheets, press releases, and fund holdings notices are important.

  6. Use charting tools for technical context: Price charts with volume and volatility indicators help in short-term trade decisions.

When checking the yinn stock price, verify whether the provider’s data is real-time or delayed and note timestamps. For live trading, always rely on your broker’s real-time feed and the issuer’s official documents for NAV values.

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Comparable Products and Alternatives

If you are researching the yinn stock price and considering alternatives, common related ETFs include both leveraged and non-leveraged China exposures. Examples include bullet points of common alternatives:

  • Direxion Daily FTSE China Bear 3X Shares (inverse leveraged alternative) — used for short-term bearish exposure.
  • Other leveraged China ETFs with different structures or index coverage.
  • Non-leveraged China ETFs that track broad China indexes or sector-specific exposures.
  • Single-country or regional ETFs that capture China exposure via different indices.

Differences to note when comparing alternatives:

  • Leverage factor (e.g., 3x, -3x, 2x) and whether the fund is bull or inverse.
  • Index tracked (FTSE China 50 vs. other China indices or broad emerging market indices).
  • Whether exposure is achieved via direct holdings or synthetic derivatives.

Choosing between yinn stock price exposure and alternatives depends on your time horizon, risk tolerance, and the precise index exposure you want.

Regulatory and Disclosure Information

Official documents for YINN include the prospectus, statement of additional information, and daily holdings disclosures. The fund is subject to U.S. securities regulation and exchange-listing rules.

Where to find official documents:

  • Issuer fact sheet and prospectus (available from Direxion’s official investor materials).
  • SEC filings and fund registration statements.
  • Exchange notices where the fund is listed.

These documents contain formal descriptions of strategy, risk factors, fee structures, and operational mechanisms that directly affect the yinn stock price and investor rights.

See Also

  • Leveraged ETFs and how they work
  • FTSE China 50 Index methodology
  • Inverse ETFs and short-term hedging
  • NAV vs. market price explained
  • Rebalancing, compounding, and path dependency in leveraged funds

References and Data Sources

Sources used to prepare this article (titles only — consult issuer and market-data providers for real-time figures):

  • Direxion — China Bull and Bear 3X ETFs product page and fact sheet
  • Yahoo Finance — YINN quote and fund overview
  • Nasdaq — YINN market activity page
  • TradingView — YINN symbol page and charts
  • Robinhood — YINN overview
  • CNBC — YINN quote page
  • FINVIZ — YINN fund summary
  • Investing.com — Direxion Daily FTSE China Bull 3X shares
  • StockAnalysis — YINN ETF page
  • NYSE quote page for YINN

As of 2026-01-28, according to issuer and major market-data sources, investors should consult these source pages for current market capitalization, daily volume, NAV, expense ratios, and distribution history because those metrics change daily.

Notes on Recent Market Context

  • As of 2026-01-28, market participants often watch headline events affecting large-cap Chinese stocks and Hong Kong market hours because these influence the yinn stock price during U.S. trading.

  • For quantifiable and up-to-date metrics such as market cap and daily trading volume related to the yinn stock price, refer to your broker or a live market-data feed. Historical examples show that leveraged China ETFs can experience significant intraday and multi-day swings when underlying market liquidity is constrained or when macroeconomic news triggers volatility.

This guide is informational and not investment advice. For trading, use real-time feeds and the fund’s prospectus.

Further explore yinn stock price movements and ETF mechanics with your broker or market research tools, and consider Bitget Wallet for digital asset management and Bitget services for broader trading needs.

For live trading decisions, always consult real-time market feeds and the fund’s official prospectus and fact sheets.

The content above has been sourced from the internet and generated using AI. For high-quality content, please visit Bitget Academy.
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