IMC Chicago LLC acquired a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB – Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 29,817 shares of the company’s stock, valued at approximately $798,000. IMC Chicago LLC owned approximately 0.32% of Direxion Daily CSI China Internet Index Bull 2x Shares at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC acquired a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares in the fourth quarter worth approximately $32,000. Bank of America Corp DE raised its stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares by 39.0% in the 2nd quarter. Bank of America Corp DE now owns 3,921 shares of the company’s stock worth $155,000 after buying an additional 1,100 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares in the second quarter valued at $161,000. Cane Capital Partners LLC bought a new position in Direxion Daily CSI China Internet Index Bull 2x Shares during the first quarter valued at about $214,000. Finally, HRT Financial LP bought a new position in Direxion Daily CSI China Internet Index Bull 2x Shares during the fourth quarter valued at about $220,000.
Direxion Daily CSI China Internet Index Bull 2x Shares Trading Up 6.5%
Shares of Direxion Daily CSI China Internet Index Bull 2x Shares stock opened at $22.93 on Thursday. The company’s 50-day moving average price is $22.75 and its two-hundred day moving average price is $30.41. Direxion Daily CSI China Internet Index Bull 2x Shares has a 52 week low of $17.09 and a 52 week high of $61.24. The stock has a market cap of $230.91 million, a PE ratio of 17.82 and a beta of 0.79.
About Direxion Daily CSI China Internet Index Bull 2x Shares
The Direxion Daily CSI China Internet Bull 2X Shares (CWEB) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund provides 2x leveraged daily exposure to an index composed of overseas-listed Chinese internet companies. CWEB was launched on Nov 2, 2016 and is managed by Direxion.
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