Investors Buy Large Volume of Direxion Daily CSI 300 China A Share Bull 2x Shares Call Options (NYSEARCA:CHAU)

Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU) was the recipient of unusually large options trading activity on Friday. Stock traders bought 252,999 call options on the company. This is an increase of approximately 2,445% compared to the average volume of 9,941 call options.

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

An institutional investor recently bought a new position in Direxion Daily CSI 300 China A Share Bull 2x Shares stock. Virtu Financial LLC purchased a new position in shares of Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 136,814 shares of the company’s stock, valued at approximately $2,508,000. Virtu Financial LLC owned approximately 3.11% of Direxion Daily CSI 300 China A Share Bull 2x Shares at the end of the most recent reporting period.

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

CHAU opened at $12.92 on Friday. Direxion Daily CSI 300 China A Share Bull 2x Shares has a 1-year low of $11.30 and a 1-year high of $28.25. The stock’s 50 day simple moving average is $15.30 and its 200 day simple moving average is $14.57. The stock has a market cap of $56.85 million, a P/E ratio of 9.69 and a beta of 0.99.

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.