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 recipient of some unusual options trading on Friday. Stock investors purchased 252,999 call options on the company. This represents an increase of approximately 2,445% compared to the average daily volume of 9,941 call options.

Direxion Daily CSI 300 China A Share Bull 2x Shares Trading Down 4.1 %

Shares of Direxion Daily CSI 300 China A Share Bull 2x Shares stock traded down $0.56 on Friday, hitting $12.96. 1,438,180 shares of the company traded hands, compared to its average volume of 896,491. Direxion Daily CSI 300 China A Share Bull 2x Shares has a 12-month low of $11.30 and a 12-month high of $28.25. The firm’s 50-day simple moving average is $15.36 and its 200 day simple moving average is $14.56. The company has a market cap of $57.02 million, a P/E ratio of 9.69 and a beta of 0.99.

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

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

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.