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

Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU) was the target of some unusual options trading activity on Friday. Stock investors purchased 2,187 call options on the stock. This represents an increase of 351% compared to the typical volume of 485 call options.

Direxion Daily CSI 300 China A Share Bull 2x Shares Trading Up 10.4 %

CHAU opened at $23.96 on Friday. The stock’s fifty day simple moving average is $13.50 and its 200 day simple moving average is $13.77. Direxion Daily CSI 300 China A Share Bull 2x Shares has a 1-year low of $11.30 and a 1-year high of $24.00. The stock has a market cap of $105.42 million, a PE 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.