On Monday, Benzinga highlighted the Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSE: CHAD) as the need-to-know China exchange traded fund for the day.
CHAD, the lone inverse A-shares ETF trading in the U.S., did not disappoint. After stocks on China’s mainland were drubbed in Monday’s Asian session, the Deutsche X-trackers Harvest CSI 300 China A-Shares ETF (NYSE: ASHR) and the Market Vectors ChinaAMC A-Share ETF (NYSE: PEK), the larges and oldest, respectively, U.S.-listed A-shares ETFs, sank an average of 9.5 percent, helping propel CHAD to a gain of 8.8 percent on volume that was more than 50 percent above the daily average.
That brings CHAD’s gain since coming to market just over six weeks ago to 24 percent, but ...
/www.benzinga.com/trading-ideas/long-ideas/15/07/5707345/another-point-in-favor-of-the-inverse-a-shares-etf alt=Another Point In Favor Of The Inverse A-Shares ETF>Full story available on Benzinga.com
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