While the New York Stock Exchange had a hard time making up its mind regarding the listing fate of several of Chinese telecom companies, some index providers aren't playing around.
On Thursday evening, FTSE Russell and MSCI, two of the largest sponsors of indexes used by issuers of exchange traded funds, announced the removal of some Chinese telecom companies from their benchmarks.
Add to that, next Monday, the “Executive Order on Addressing the Threat from Securities Investments That Finance Communist Chinese Military Companies” signed by President Trump goes into effect.
Combine those scenarios and it would be reasonable to expect these would be go-go days for the Direxion DailyFTSE China Bear 3X Shares (NYSE: YANG). In reality, it's YANG's bullish counterpart, the Direxion Daily FTSE China Bull 3X Shares (NYSE: …