Short Interest in Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU) Declines By 73.8%

Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 184,562 shares, a decrease of 73.8% from the November 30th total of 703,197 shares. Based on an average daily trading volume, of 134,136 shares, the short-interest ratio is presently 1.4 days. Approximately 2.8% of the shares of the stock are sold short. Approximately 2.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 134,136 shares, the short-interest ratio is presently 1.4 days.

Hedge Funds Weigh In On Direxion Daily CSI 300 China A Share Bull 2x Shares

Several institutional investors have recently bought and sold shares of the business. Capital Investment Counsel Inc grew its position in Direxion Daily CSI 300 China A Share Bull 2x Shares by 12.1% during the 2nd quarter. Capital Investment Counsel Inc now owns 41,700 shares of the company’s stock worth $617,000 after purchasing an additional 4,500 shares during the last quarter. Optiver Holding B.V. lifted its stake in shares of Direxion Daily CSI 300 China A Share Bull 2x Shares by 450.9% during the third quarter. Optiver Holding B.V. now owns 51,909 shares of the company’s stock worth $1,074,000 after buying an additional 42,486 shares during the period. Finally, Ping Capital Management Inc. lifted its stake in shares of Direxion Daily CSI 300 China A Share Bull 2x Shares by 120.0% during the second quarter. Ping Capital Management Inc. now owns 187,000 shares of the company’s stock worth $2,768,000 after buying an additional 102,000 shares during the period.

Direxion Daily CSI 300 China A Share Bull 2x Shares Price Performance

Shares of NYSEARCA:CHAU traded up $0.37 during trading hours on Friday, hitting $21.34. 142,311 shares of the company’s stock traded hands, compared to its average volume of 418,122. The business has a fifty day moving average price of $20.39 and a 200-day moving average price of $18.46. Direxion Daily CSI 300 China A Share Bull 2x Shares has a 1 year low of $10.88 and a 1 year high of $21.82. The firm has a market capitalization of $140.84 million, a P/E ratio of 13.27 and a beta of 0.56.

Direxion Daily CSI 300 China A Share Bull 2x Shares Company Profile

The Direxion Daily CSI 300 China A Share Bull 2X Shares (CHAU) is an exchange-traded fund that is based on the China Shenzhen SE \u002F CSI 300 index. The fund provides daily 2x leveraged exposure to an index of the 300 largest and most liquid Chinese shares traded on the Shanghai and Shenzhen exchanges. CHAU was launched on Apr 16, 2015 and is managed by Direxion.