Stock Traders Purchase High Volume of Call Options on Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU)

Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU) saw unusually large options trading on Wednesday. Traders purchased 3,336 call options on the stock. This is an increase of approximately 161% compared to the average daily volume of 1,278 call options.

Institutional Investors Weigh In On Direxion Daily CSI 300 China A Share Bull 2x Shares

A number of institutional investors have recently made changes to their positions in CHAU. Capital Investment Counsel Inc lifted its holdings 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 worth $617,000 after acquiring an additional 4,500 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% in 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, Ping Capital Management Inc. lifted its stake in Direxion Daily CSI 300 China A Share Bull 2x Shares by 120.0% during the second quarter. Ping Capital Management Inc. now owns 187,000 shares of the company’s stock worth $2,768,000 after purchasing an additional 102,000 shares in the last quarter.

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

Shares of Direxion Daily CSI 300 China A Share Bull 2x Shares stock traded down $0.33 during trading hours on Wednesday, hitting $21.97. The company’s stock had a trading volume of 219,886 shares, compared to its average volume of 231,471. The stock has a market cap of $133.99 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 twelve month low of $10.88 and a twelve month high of $22.89. The firm has a fifty day moving average of $20.67 and a 200-day moving average of $19.12.

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.