SBI Securities Co. Ltd. bought a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,101 shares of the company’s stock, valued at approximately $674,000. SBI Securities Co. Ltd. owned approximately 0.20% of Direxion Daily CSI China Internet Index Bull 2x Shares as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Barclays PLC purchased a new position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the 3rd quarter worth $63,000. JPMorgan Chase & Co. purchased a new position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the 3rd quarter worth $522,000. Virtu Financial LLC purchased a new position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the 3rd quarter worth $2,318,000. Finally, HighTower Advisors LLC purchased a new position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the 3rd quarter worth $3,043,000.
Direxion Daily CSI China Internet Index Bull 2x Shares Trading Down 3.4 %
NYSEARCA CWEB opened at $40.21 on Tuesday. The stock has a market cap of $346.61 million, a PE ratio of 20.40 and a beta of 0.82. Direxion Daily CSI China Internet Index Bull 2x Shares has a twelve month low of $24.60 and a twelve month high of $59.31. The stock has a fifty day simple moving average of $36.41 and a 200-day simple moving average of $35.98.
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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