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

Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU) was the recipient of a large decrease in short interest during the month of 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. Approximately 2.8% of the shares of the stock are sold short. Based on an average trading volume of 134,136 shares, the days-to-cover ratio is presently 1.4 days. Based on an average trading volume of 134,136 shares, the days-to-cover ratio is presently 1.4 days. Approximately 2.8% of the shares of the stock are sold short.

Institutional Trading of Direxion Daily CSI 300 China A Share Bull 2x Shares

Several hedge funds have recently made changes to their positions in the business. Ping Capital Management Inc. lifted its holdings in shares of Direxion Daily CSI 300 China A Share Bull 2x Shares by 120.0% in the 2nd quarter. Ping Capital Management Inc. now owns 187,000 shares of the company’s stock valued at $2,768,000 after acquiring an additional 102,000 shares during the last quarter. Optiver Holding B.V. raised its position in 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 valued at $1,074,000 after purchasing an additional 42,486 shares during the period. Finally, Capital Investment Counsel Inc lifted its stake in shares of Direxion Daily CSI 300 China A Share Bull 2x Shares by 12.1% in the 2nd quarter. Capital Investment Counsel Inc now owns 41,700 shares of the company’s stock valued at $617,000 after purchasing an additional 4,500 shares during the last quarter.

Direxion Daily CSI 300 China A Share Bull 2x Shares Trading Up 1.8%

CHAU traded up $0.37 during trading hours on Friday, hitting $21.34. The company’s stock had a trading volume of 142,311 shares, compared to its average volume of 418,122. The stock has a market cap of $140.84 million, a price-to-earnings ratio of 13.27 and a beta of 0.56. The business’s 50-day moving average price is $20.39 and its 200-day moving average price is $18.43. Direxion Daily CSI 300 China A Share Bull 2x Shares has a 12 month low of $10.88 and a 12 month high of $21.82.

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.