Riding the CHAU Wave – Bullish Momentum Ahead!Why I’m Bullish on CHAU Right Now
🔥 China’s Market Heating Up – With policy shifts and economic stimulus rolling in, Chinese A-shares are looking primed for a move. CHAU, with its 2X leverage, is my vehicle of choice to capitalize on short-term momentum.
📊 Technical Setup Looks Strong –
✅ Breakout
Key stats
About Direxion Daily CSI 300 China A Share Bull 2X Shares
Home page
Inception date
Apr 16, 2015
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
CHAU is a leveraged play on the China A-share market, using swaps to mimic twice the daily returns on the CSI 300 Index. CHAU rebalances its leveraged exposure daily, so over a period of time, compounding effects can lead to profound differences in expected returns relative to the index. The index invests in large, well-traded Chinese stocks that trade only on the mainland through the subadvisor, Harvest Global Investments, which has an RQFII license up to a specific quota. If the quota is reached, the index will have to either get its quota increased, use derivatives to maintain exposure, or limit or halt creations, so monitoring is warranted. CHAU is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one-day period. The index is reviewed semi-annually.
Classification
What's in the fund
Exposure type
Cash
ETF
Stock breakdown by region
Top 10 holdings
The dragon is breathing FIREAMEX:YINN & AMEX:CHAU : READY TO PUMP!
Mark your calendars, people—THIS is the week to go BIG! 📅 I’m calling it now: AMEX:YINN and AMEX:CHAU are set to explode within the next few days. The key dates are 1/17, 1/21, and 1/27. These are the moments to watch as the Chinese market heats up like
ALL IN: $YINN & $CHAU to the MOON!This is it, folks! Chinese stocks are about to go absolutely ballistic! 💥 I'm loading up on AMEX:YINN and AMEX:CHAU because I believe this is THE breakout moment we've been waiting for! 📈✨
AMEX:YINN (3x leveraged Chinese large-cap stocks) and AMEX:CHAU (3x leveraged China A-shares) are prim
How to invest in China, my current folioTo continue the topic of investing in China, I am using CHAU chart, which is the CSI300 2 x ETF chart. CSI300 chart is available else where but not on TV.
Current holdings.
1. CHAU, the 2x ETF of Shanghai traded CSI300, similar to SPY500
2. NIO, Chinese rival of Tesla. I like its CEO humility and
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
CHAU trades at 14.02 USD today, its price has risen 0.94% in the past 24 hours. Track more dynamics on CHAU price chart.
CHAU net asset value is 13.88 today — it's risen 4.26% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
CHAU assets under management is 137.49 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
CHAU price has risen by 4.94% over the last month, and its yearly performance shows a −1.41% decrease. See more dynamics on CHAU price chart.
NAV returns, another gauge of an ETF dynamics, showed a −6.31% decrease in three-month performance and has increased by 0.03% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −6.31% decrease in three-month performance and has increased by 0.03% in a year.
CHAU fund flows account for 272.77 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
CHAU invests in cash. See more details in our Analysis section.
CHAU expense ratio is 1.30%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, CHAU is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, CHAU technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating CHAU shows the sell signal. See more of CHAU technicals for a more comprehensive analysis.
Today, CHAU technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating CHAU shows the sell signal. See more of CHAU technicals for a more comprehensive analysis.
Yes, CHAU pays dividends to its holders with the dividend yield of 2.39%.
CHAU trades at a premium (0.05%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
CHAU shares are issued by Rafferty Asset Management LLC
CHAU follows the China Shenzhen SE / CSI 300 Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 16, 2015.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.