Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB – Get Free Report) was the recipient of unusually large options trading activity on Monday. Stock traders bought 2,925 call options on the stock. This is an increase of approximately 270% compared to the average volume of 790 call options.
Direxion Daily CSI China Internet Index Bull 2x Shares Trading Up 3.2%
Shares of NYSEARCA:CWEB traded up $0.73 during midday trading on Monday, reaching $23.27. 256,433 shares of the company were exchanged, compared to its average volume of 586,353. The stock has a market cap of $235.49 million, a PE ratio of 17.82 and a beta of 0.79. The business’s fifty day moving average is $22.54 and its two-hundred day moving average is $30.14. Direxion Daily CSI China Internet Index Bull 2x Shares has a one year low of $17.09 and a one year high of $61.24.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Qube Research & Technologies Ltd purchased a new position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the second quarter valued at about $161,000. Bank of America Corp DE lifted its position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares by 39.0% in the second 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. Csenge Advisory Group bought a new position in Direxion Daily CSI China Internet Index Bull 2x Shares during the fourth quarter valued at approximately $316,000. Renaissance Technologies LLC purchased a new position in Direxion Daily CSI China Internet Index Bull 2x Shares during the 4th quarter valued at approximately $983,000. Finally, HRT Financial LP purchased a new position in Direxion Daily CSI China Internet Index Bull 2x Shares during the 4th quarter valued at approximately $220,000.
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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