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

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

Institutional Investors 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. increased its position in shares of Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU) by 450.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 quarter.

Direxion Daily CSI 300 China A Share Bull 2x Shares Trading Down 3.7%

Direxion Daily CSI 300 China A Share Bull 2x Shares stock traded down $0.91 during midday trading on Friday, hitting $23.74. 335,371 shares of the stock were exchanged, compared to its average volume of 157,767. Direxion Daily CSI 300 China A Share Bull 2x Shares has a fifty-two week low of $13.66 and a fifty-two week high of $25.81. The stock has a market capitalization of $99.71 million, a price-to-earnings ratio of 13.27 and a beta of 0.65. The stock’s 50-day simple moving average is $22.01 and its 200 day simple moving average is $21.49.

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.