Investors Purchase High Volume of Direxion Daily CSI 300 China A Share Bull 2x Shares Call Options (NYSEARCA:CHAU)

Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU) was the target of unusually large options trading on Wednesday. Investors bought 3,336 call options on the company. This is an increase of 161% compared to the typical volume of 1,278 call options.

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

Several hedge funds have recently added to or reduced their stakes in CHAU. Optiver Holding B.V. lifted its position in shares of Direxion Daily CSI 300 China A Share Bull 2x Shares by 450.9% during the 3rd 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 last quarter. Capital Investment Counsel Inc raised its stake 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 acquiring an additional 4,500 shares in the last quarter. Finally, Ping Capital Management Inc. raised its stake in Direxion Daily CSI 300 China A Share Bull 2x Shares by 120.0% during the 2nd quarter. Ping Capital Management Inc. now owns 187,000 shares of the company’s stock worth $2,768,000 after acquiring an additional 102,000 shares in the last quarter.

Direxion Daily CSI 300 China A Share Bull 2x Shares Trading Down 1.5%

NYSEARCA:CHAU traded down $0.33 during mid-day trading on Wednesday, hitting $21.97. The stock had a trading volume of 219,886 shares, compared to its average volume of 231,471. Direxion Daily CSI 300 China A Share Bull 2x Shares has a twelve month low of $10.88 and a twelve month high of $22.89. The stock has a 50-day simple moving average of $20.67 and a two-hundred day simple moving average of $19.12. The company has a market capitalization of $133.99 million, a PE ratio of 13.27 and a beta of 0.56.

About Direxion Daily CSI 300 China A Share Bull 2x Shares

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.