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

by · The Markets Daily

Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU – Get Free Report) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 184,562 shares, a drop of 73.8% from the November 30th total of 703,197 shares. Based on an average trading volume of 134,136 shares, the days-to-cover ratio is currently 1.4 days. Approximately 2.8% of the shares of the stock are short sold. Approximately 2.8% of the shares of the stock are short sold. Based on an average trading volume of 134,136 shares, the days-to-cover ratio is currently 1.4 days.

Direxion Daily CSI 300 China A Share Bull 2x Shares Trading Up 0.4%

CHAU traded up $0.09 on Thursday, reaching $20.97. The stock had a trading volume of 66,224 shares, compared to its average volume of 419,244. The company has a market capitalization of $138.40 million, a price-to-earnings ratio of 13.27 and a beta of 0.56. 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 $21.82. The firm has a 50-day moving average of $20.35 and a 200-day moving average of $18.37.

Institutional Investors 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. Ping Capital Management Inc. grew its holdings 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 during the last quarter. Optiver Holding B.V. lifted its holdings in shares of 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 worth $1,074,000 after purchasing an additional 42,486 shares during the period. Finally, Capital Investment Counsel Inc lifted its holdings in shares of Direxion Daily CSI 300 China A Share Bull 2x Shares by 12.1% during the second quarter. Capital Investment Counsel Inc now owns 41,700 shares of the company’s stock worth $617,000 after purchasing an additional 4,500 shares during the period.

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.

See Also