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) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 1,541,945 shares, an increase of 113.8% from the February 12th total of 721,044 shares. Based on an average daily trading volume, of 484,316 shares, the days-to-cover ratio is currently 3.2 days. Currently, 24.8% of the company’s shares are sold short. Currently, 24.8% of the company’s shares are sold short. Based on an average daily trading volume, of 484,316 shares, the days-to-cover ratio is currently 3.2 days.

Institutional Investors Weigh In On Direxion Daily CSI China Internet Index Bull 2x Shares

Several institutional investors and hedge funds have recently modified their holdings of the stock. 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 about $161,000. Bank of America Corp DE raised its holdings in shares of Direxion Daily CSI China Internet Index Bull 2x Shares by 39.0% during the 2nd quarter. Bank of America Corp DE now owns 3,921 shares of the company’s stock valued at $155,000 after buying 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 approximately $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 approximately $11,623,000. Finally, Csenge Advisory Group purchased a new position in Direxion Daily CSI China Internet Index Bull 2x Shares in the 4th quarter worth approximately $316,000.

Direxion Daily CSI China Internet Index Bull 2x Shares Trading Up 0.9%

Shares of CWEB stock opened at $30.52 on Friday. The company has a market cap of $189.83 million, a PE ratio of 17.82 and a beta of 0.60. The company’s fifty day simple moving average is $38.79 and its 200-day simple moving average is $45.51. Direxion Daily CSI China Internet Index Bull 2x Shares has a 52 week low of $26.93 and a 52 week high of $61.24.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st were given a $1.1127 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $4.45 annualized dividend and a yield of 14.6%.

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.