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 large growth in short interest during the month of January. As of January 15th, there was short interest totaling 960,111 shares, a growth of 169.9% from the December 31st total of 355,741 shares. Approximately 15.4% of the company’s shares are short sold. Based on an average daily volume of 566,886 shares, the short-interest ratio is presently 1.7 days. Based on an average daily volume of 566,886 shares, the short-interest ratio is presently 1.7 days. Approximately 15.4% of the company’s shares are short sold.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of CWEB. Bank of America Corp DE lifted its position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares by 39.0% during the second quarter. Bank of America Corp DE now owns 3,921 shares of the company’s stock worth $155,000 after purchasing an additional 1,100 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares during the 2nd quarter valued at about $161,000. IMC Chicago LLC purchased a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares in the 3rd quarter valued at about $1,329,000. Finally, Group One Trading LLC bought a new position in Direxion Daily CSI China Internet Index Bull 2x Shares in the 3rd quarter worth about $11,623,000.

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

NYSEARCA CWEB traded down $2.26 during trading on Friday, hitting $42.61. The stock had a trading volume of 313,228 shares, compared to its average volume of 574,366. Direxion Daily CSI China Internet Index Bull 2x Shares has a one year low of $26.93 and a one year high of $61.24. The stock has a 50 day simple moving average of $43.69 and a 200 day simple moving average of $47.34. The stock has a market capitalization of $265.03 million, a price-to-earnings ratio of 17.82 and a beta of 0.60.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 31st were issued a dividend of $1.1127 per share. The ex-dividend date was Wednesday, December 31st. This represents a $4.45 dividend on an annualized basis and a yield of 10.4%.

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.