United Microelectronics Corp vs Direxion Daily FTSE China Bull 3x Shares — how do they compare? United Microelectronics Corp trades at $21.12 (market cap $51.00B), while Direxion Daily FTSE China Bull 3x Shares trades at $27.94. The key difference: United Microelectronics Corp pays a 2.03% dividend while Direxion Daily FTSE China Bull 3x Shares pays none, and United Microelectronics Corp is trading nearer its 52-week high, Direxion Daily FTSE China Bull 3x Shares nearer its low. Which is the better fit depends on your goals.
| UMC | YINN | |
|---|---|---|
Market Cap | $51.00B | — |
Sector | Technology | Leveraged / Inverse |
52-Week High | $28.02 | $56.62 |
52-Week Low | $6.58 | $21.45 |
Enterprise Value | $48.57B | — |
Dividend Yield | 2.03% | — |
Trailing returns across standard periods
Founded in 1980, United Microelectronics is the world's third-largest dedicated chip foundry, with 7% market share in 2021, according to Gartner, after TSMC and GlobalFoundries. UMC's headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, Mainland China, Japan and Singapore, with additional sales offices in Europe, the U.S. and South Korea. UMC features a diverse customer base including Texas Instruments, MediaTek, Qualcomm, Broadcom, Xilinx and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 20,000 people.
Read more on UMC →YINN is a leveraged ETF that seeks daily investment results, before fees and expenses, of 300% (3x) of the daily performance of the FTSE China 50 Index. It is a tactical instrument designed for sophisticated traders seeking to magnify short-term bullish views on large-cap Chinese equities, primarily those trading on the Hong Kong Stock Exchange.
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