Short Interest in Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU) Increases By 80.7%

Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAUGet Free Report) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 197,197 shares, a growth of 80.7% from the June 30th total of 109,142 shares. Currently, 4.8% of the shares of the company are short sold. Based on an average daily trading volume, of 85,127 shares, the short-interest ratio is presently 2.3 days.

Direxion Daily CSI 300 China A Share Bull 2x Shares Stock Up 2.3%

Shares of CHAU traded up $0.49 during midday trading on Thursday, reaching $21.65. 190,669 shares of the stock were exchanged, compared to its average volume of 145,748. Direxion Daily CSI 300 China A Share Bull 2x Shares has a twelve month low of $15.44 and a twelve month high of $26.10. The company has a market cap of $89.85 million, a P/E ratio of 13.27 and a beta of 0.65. The stock’s 50 day simple moving average is $23.42 and its 200 day simple moving average is $22.55.

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

An institutional investor recently bought a new stake in Direxion Daily CSI 300 China A Share Bull 2x Shares stock. Optiver Holding B.V. acquired a new stake in Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAUFree Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 37,864 shares of the company’s stock, valued at approximately $767,000. Optiver Holding B.V. owned 0.90% of Direxion Daily CSI 300 China A Share Bull 2x Shares as of its most recent SEC filing.

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

(Get Free Report)

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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