Direxion Daily CSI 300 China A Share Bull 2x Shares Target of Unusually Large Options Trading (NYSEARCA:CHAU)

Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU) was the target of unusually large options trading on Wednesday. Stock traders acquired 3,336 call options on the stock. This represents an increase of approximately 161% compared to the typical volume of 1,278 call options.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Capital Investment Counsel Inc increased its stake in Direxion Daily CSI 300 China A Share Bull 2x Shares by 12.1% during the 2nd quarter. Capital Investment Counsel Inc now owns 41,700 shares of the company’s stock valued at $617,000 after purchasing an additional 4,500 shares in the last quarter. Optiver Holding B.V. lifted its stake in shares of 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 worth $1,074,000 after buying an additional 42,486 shares in the last quarter. Finally, Ping Capital Management Inc. grew its holdings in shares of 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 valued at $2,768,000 after buying an additional 102,000 shares during the last quarter.

Direxion Daily CSI 300 China A Share Bull 2x Shares Trading Down 1.3%

NYSEARCA:CHAU opened at $22.00 on Thursday. The company has a 50-day moving average price of $20.70 and a 200-day moving average price of $19.14. The stock has a market cap of $134.20 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 12 month low of $10.88 and a 12 month high of $22.89.

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.