Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU – Get Free Report) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 315,996 shares, a growth of 25.1% from the January 29th total of 252,557 shares. Approximately 5.4% of the shares of the stock are sold short. Based on an average trading volume of 162,012 shares, the days-to-cover ratio is presently 2.0 days. Based on an average trading volume of 162,012 shares, the days-to-cover ratio is presently 2.0 days. Approximately 5.4% of the shares of the stock are sold short.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Direxion Daily CSI 300 China A Share Bull 2x Shares stock. Capital Investment Counsel Inc lifted its stake in Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU – Free Report) by 12.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,700 shares of the company’s stock after buying an additional 4,500 shares during the quarter. Capital Investment Counsel Inc owned about 0.40% of Direxion Daily CSI 300 China A Share Bull 2x Shares worth $617,000 as of its most recent filing with the Securities & Exchange Commission.
Direxion Daily CSI 300 China A Share Bull 2x Shares Price Performance
NYSEARCA CHAU traded up $0.34 on Wednesday, reaching $21.38. The company had a trading volume of 185,985 shares, compared to its average volume of 185,362. The business has a 50 day moving average of $21.92 and a two-hundred day moving average of $20.65. Direxion Daily CSI 300 China A Share Bull 2x Shares has a fifty-two week low of $10.88 and a fifty-two week high of $23.03. The firm has a market cap of $125.07 million, a price-to-earnings 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.
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