SBI Securities Co. Ltd. Buys New Position in Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB)

SBI Securities Co. Ltd. bought a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 21,101 shares of the company’s stock, valued at approximately $674,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CWEB. HighTower Advisors LLC purchased a new position in Direxion Daily CSI China Internet Index Bull 2x Shares during the 3rd quarter valued at about $3,043,000. Virtu Financial LLC acquired a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares in the 3rd quarter valued at about $2,318,000. JPMorgan Chase & Co. acquired a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares in the 3rd quarter valued at about $522,000. Finally, Barclays PLC acquired a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares in the 3rd quarter valued at about $63,000.

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

CWEB stock opened at $40.21 on Tuesday. The firm has a market capitalization of $346.61 million, a P/E ratio of 20.40 and a beta of 0.82. The business’s 50-day moving average is $36.41 and its two-hundred day moving average is $35.98. Direxion Daily CSI China Internet Index Bull 2x Shares has a 1 year low of $24.60 and a 1 year high of $59.31.

Direxion Daily CSI China Internet Index Bull 2x Shares 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.