Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU) Sees Significant Drop in Short Interest

Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 172,407 shares, a decrease of 56.7% from the April 15th total of 398,377 shares. Currently, 4.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 128,000 shares, the days-to-cover ratio is presently 1.3 days.

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

Direxion Daily CSI 300 China A Share Bull 2x Shares stock traded down $0.91 during trading hours on Friday, hitting $23.74. 335,371 shares of the stock were exchanged, compared to its average volume of 157,767. The stock has a market capitalization of $99.71 million, a P/E ratio of 13.27 and a beta of 0.65. Direxion Daily CSI 300 China A Share Bull 2x Shares has a 12 month low of $13.66 and a 12 month high of $25.81. The business’s 50-day moving average is $22.01 and its two-hundred day moving average is $21.49.

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

A hedge fund recently raised its stake in Direxion Daily CSI 300 China A Share Bull 2x Shares stock. Optiver Holding B.V. grew its position in shares of Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU) by 450.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,909 shares of the company’s stock after buying an additional 42,486 shares during the quarter. Optiver Holding B.V. owned approximately 0.79% of Direxion Daily CSI 300 China A Share Bull 2x Shares worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission.

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.