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

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

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

Shares of CHAU stock traded down $0.51 during midday trading on Friday, hitting $21.84. 147,940 shares of the company were exchanged, compared to its average volume of 224,382. Direxion Daily CSI 300 China A Share Bull 2x Shares has a 52 week low of $10.88 and a 52 week high of $22.89. The firm has a market capitalization of $133.19 million, a P/E ratio of 13.27 and a beta of 0.56. The firm’s 50 day moving average price is $20.73 and its two-hundred day moving average price is $19.17.

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

Several hedge funds have recently added to or reduced their stakes in the company. Ping Capital Management Inc. boosted its stake in Direxion Daily CSI 300 China A Share Bull 2x Shares by 120.0% in the 2nd quarter. Ping Capital Management Inc. now owns 187,000 shares of the company’s stock valued at $2,768,000 after purchasing an additional 102,000 shares during the period. Optiver Holding B.V. lifted its holdings in shares of Direxion Daily CSI 300 China A Share Bull 2x Shares by 450.9% during 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, Capital Investment Counsel Inc boosted its position in shares of Direxion Daily CSI 300 China A Share Bull 2x Shares by 12.1% in the second quarter. Capital Investment Counsel Inc now owns 41,700 shares of the company’s stock valued at $617,000 after acquiring an additional 4,500 shares during the period.

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.