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China’s Surge Brings Leveraged Bull Funds Into Focus

Analyst Paul Weisbruch of Street One Financial brings us his daily fund flows update, which today looks at a couple of China-focused funds that are performing very well, yet still not seeing major inflows for some reason.

Today, China is skyrocketing, as FXI (iShares China) is up more than 1.3% and trading at its highest levels since the summer of 2015.

FXI has not seen any notable level of creation activity yet in 2017 however, and instead has actually lost $50 million YTD in terms of flows. The bullish upside action in the country and FXI here may generate an uptick in interest in this product soon, along with other “Bull” funds like the triple leveraged YINN (Direxion Daily FTSE China Bull 3X).

YINN has been a moonshot lately on decent trading volume. Well timed FXI upside calls traded before today’s big move as well, with more than 120,000 of the May 41 calls trading versus negligible open interest. Even though these options are still out-of-the-money, with FXI trading around $38.72, they still of course have a considerable time left until expiration.

The Direxion Daily China Bull 3x Shares ETF (NYSE:YINN) was trading at $20.64 per share on Wednesday afternoon, up $0.79 (+3.98%). Year-to-date, YINN has gained 37.78%, versus a 4.74% rise in the benchmark S&P 500 index during the same period.

YINN currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #3 of 18 ETFs in the Leveraged Global ETFs category.

About the Author: Paul Weisbruch

paul-weisbruchPaul Weisbruch is the VP of ETF/Options Sales and Trading at Street One Financial. Prior to joining the team at Street One, Paul served as the Director of RIA and Institutional ETF Sales at RevenueShares ETFs from December 2007 until November of 2009. Before RevenueShares, Paul was employed by Susquehanna International Group from 2000 until 2007 serving in roles including OTC/NYSE Institutional Block Trading, Nasdaq/OTC Market Making, ETF/Derivatives Intelligence and Strategy, Algorithmic Trading, as well as acting as the PHLX Floor Specialist in the ETFs, SPY and DIA.Paul has been actively involved in the ETF space from both a product and trading standpoint since 2000. Additionally, Paul has well forged relationships with national RIAs, institutional pension fund managers and consultants, mutual fund and hedge fund managers, and also the ETF media. Co-authoring the “S1F ETF Daily” since 2009, the daily piece has become a must for many portfolio managers in the ETF space, with segments regularly appearing in the likes of Barron’s, WSJ, and for instance.

He holds his Series 4 (Registered Options Principal), 6, 7, 55 (Equity Trader), 63, and 65 licenses. He graduated from the University of Pittsburgh (B.S. – Economics), graduating magna cum laude, and has an MBA from Villanova University.

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