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

Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 172,407 shares, a decline of 56.7% from the April 15th total of 398,377 shares. Approximately 4.1% of the shares of the stock are short sold. 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 Down 3.7%

Direxion Daily CSI 300 China A Share Bull 2x Shares stock traded down $0.91 during mid-day trading on Friday, hitting $23.74. The company’s stock had a trading volume of 335,371 shares, 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 twelve month low of $13.66 and a twelve month high of $25.81. The stock’s fifty day moving average price is $22.01 and its two-hundred day moving average price is $21.49.

Hedge Funds Weigh In On 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. boosted 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 the company in its most recent filing with the SEC. The institutional investor owned 51,909 shares of the company’s stock after purchasing an additional 42,486 shares during the period. Optiver Holding B.V. owned 0.79% of Direxion Daily CSI 300 China A Share Bull 2x Shares worth $1,074,000 at the end of the most recent reporting period.

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.