Garden State Investment Advisory Services LLC Has $228,000 Stock Position in Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB)

Garden State Investment Advisory Services LLC lessened its position in Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,468 shares of the company’s stock after selling 360 shares during the period. Garden State Investment Advisory Services LLC owned about 0.07% of Direxion Daily CSI China Internet Index Bull 2x Shares worth $228,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Banque Cantonale Vaudoise raised its holdings in Direxion Daily CSI China Internet Index Bull 2x Shares by 114.3% in the 1st quarter. Banque Cantonale Vaudoise now owns 3,000 shares of the company’s stock valued at $90,000 after acquiring an additional 1,600 shares during the period. Simplex Trading LLC acquired a new position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares in the first quarter valued at approximately $586,000. Finally, IMC Chicago LLC bought a new position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the first quarter worth approximately $1,549,000.

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

CWEB opened at $28.71 on Friday. The business has a fifty day simple moving average of $27.91 and a 200 day simple moving average of $31.66. Direxion Daily CSI China Internet Index Bull 2x Shares has a 1 year low of $23.20 and a 1 year high of $45.00. The company has a market capitalization of $309.21 million, a PE ratio of 16.23 and a beta of 2.69.

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.