Short Interest in Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU) Drops By 26.6%

Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU) was the target of a large drop in short interest in May. As of May 31st, there was short interest totalling 1,050,000 shares, a drop of 26.6% from the May 15th total of 1,430,000 shares. Based on an average daily volume of 518,400 shares, the short-interest ratio is currently 2.0 days. Approximately 10.7% of the shares of the stock are short sold.

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

Several hedge funds have recently bought and sold shares of CHAU. SouthState Corp purchased a new stake in shares of Direxion Daily CSI 300 China A Share Bull 2x Shares during the first quarter worth about $41,000. Elequin Capital LP acquired a new stake in Direxion Daily CSI 300 China A Share Bull 2x Shares during the first quarter worth approximately $59,000. Capital Investment Counsel Inc grew its stake in Direxion Daily CSI 300 China A Share Bull 2x Shares by 51.2% in the 1st quarter. Capital Investment Counsel Inc now owns 37,200 shares of the company’s stock worth $532,000 after acquiring an additional 12,600 shares during the period. SBI Securities Co. Ltd. acquired a new position in Direxion Daily CSI 300 China A Share Bull 2x Shares in the 4th quarter valued at $213,000. Finally, Virtu Financial LLC raised its holdings in Direxion Daily CSI 300 China A Share Bull 2x Shares by 36.3% in the 1st quarter. Virtu Financial LLC now owns 68,571 shares of the company’s stock valued at $980,000 after acquiring an additional 18,278 shares during the last quarter.

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

Shares of Direxion Daily CSI 300 China A Share Bull 2x Shares stock opened at $14.09 on Friday. Direxion Daily CSI 300 China A Share Bull 2x Shares has a 1 year low of $10.88 and a 1 year high of $28.25. The business has a 50 day moving average price of $13.88 and a 200 day moving average price of $14.24. The company has a market capitalization of $138.79 million, a P/E ratio of 13.27 and a beta of 0.63.

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.