Ping Capital Management Inc. Purchases 102,000 Shares of Direxion Daily CSI 300 China A Share Bull 2x Shares $CHAU

Ping Capital Management Inc. boosted its stake in shares of Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSEARCA:CHAU) by 120.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,000 shares of the company’s stock after acquiring an additional 102,000 shares during the quarter. Direxion Daily CSI 300 China A Share Bull 2x Shares accounts for 0.7% of Ping Capital Management Inc.’s portfolio, making the stock its 16th largest position. Ping Capital Management Inc. owned about 1.81% of Direxion Daily CSI 300 China A Share Bull 2x Shares worth $2,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of CHAU. SouthState Corp acquired a new position in Direxion Daily CSI 300 China A Share Bull 2x Shares during the first quarter worth $41,000. Elequin Capital LP acquired a new position in Direxion Daily CSI 300 China A Share Bull 2x Shares during the first quarter worth $59,000. Capital Investment Counsel Inc raised its stake in Direxion Daily CSI 300 China A Share Bull 2x Shares by 51.2% during the first quarter. Capital Investment Counsel Inc now owns 37,200 shares of the company’s stock worth $532,000 after acquiring an additional 12,600 shares in the last quarter. Finally, Virtu Financial LLC raised its stake in Direxion Daily CSI 300 China A Share Bull 2x Shares by 36.3% during the first quarter. Virtu Financial LLC now owns 68,571 shares of the company’s stock worth $980,000 after acquiring an additional 18,278 shares in the last quarter.

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

Direxion Daily CSI 300 China A Share Bull 2x Shares stock opened at $20.85 on Friday. The stock has a fifty day moving average price of $18.37 and a two-hundred day moving average price of $15.64. Direxion Daily CSI 300 China A Share Bull 2x Shares has a 52-week low of $10.88 and a 52-week high of $28.25. The firm has a market capitalization of $213.71 million, a P/E ratio of 13.27 and a beta of 0.94.

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.