Over the past three months, the Shanghai Composite, the benchmark index for onshore Chinese equities or A-shares, has tumbled 24.7 percent.
That has made U.S.-listed A-shares exchange-traded funds, namely the Deutsche X-Trackers Harvest CSI 300 China A-Shares ETF (NYSE: ASHR), favored targets of short sellers.
That scenario has also given rise to the Direxion Daily CSI 300 China A Shares Bear 1X Shares (NYSE: CHAD), making the lone U.S.-listed inverse A-shares ETF one of the most successful new ETFs to come to market this year.
ASHR, CHAD And CHAU
However, short sellers are covering positions in ASHR, indicating that they might believe the ETF's six-month decline of more than 23 percent could be enough. That could be good news for CHAD's bullish, double-leveraged counterpart, the Direxion ...
/www.benzinga.com/trading-ideas/long-ideas/15/10/5891646/bears-backing-away-from-a-shares-could-jolt-this-etf alt=Bears Backing Away From A-Shares Could Jolt This ETF>Full story available on Benzinga.com
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