Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB) Short Interest Update

Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB) was the target of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 986,053 shares, a decrease of 36.1% from the February 26th total of 1,541,945 shares. Currently, 15.9% of the company’s stock are short sold. Based on an average trading volume of 575,901 shares, the short-interest ratio is currently 1.7 days.

Direxion Daily CSI China Internet Index Bull 2x Shares Stock Performance

Shares of CWEB stock opened at $26.27 on Friday. The stock’s 50 day simple moving average is $35.68 and its 200 day simple moving average is $44.30. Direxion Daily CSI China Internet Index Bull 2x Shares has a twelve month low of $26.17 and a twelve month high of $61.24. The company has a market capitalization of $163.40 million, a price-to-earnings ratio of 17.82 and a beta of 0.60.

Direxion Daily CSI China Internet Index Bull 2x Shares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st were issued a dividend of $1.1127 per share. This represents a $4.45 annualized dividend and a yield of 16.9%. The ex-dividend date was Wednesday, December 31st.

Institutional Trading of Direxion Daily CSI China Internet Index Bull 2x Shares

A number of institutional investors and hedge funds have recently modified their holdings of CWEB. Qube Research & Technologies Ltd bought a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the 2nd quarter worth $161,000. Bank of America Corp DE raised its holdings in 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 acquiring an additional 1,100 shares during the period. IMC Chicago LLC acquired a new position in Direxion Daily CSI China Internet Index Bull 2x Shares during the 3rd quarter worth $1,329,000. Group One Trading LLC acquired a new position in Direxion Daily CSI China Internet Index Bull 2x Shares during the 3rd quarter worth $11,623,000. Finally, Csenge Advisory Group bought a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares during the fourth quarter valued at about $316,000.

Direxion Daily CSI China Internet Index Bull 2x Shares Company Profile

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.