Barclays PLC bought a new position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,400 shares of the company’s stock, valued at approximately $63,000.
Separately, HighTower Advisors LLC purchased a new position in Direxion Daily CSI China Internet Index Bull 2x Shares in the 3rd quarter valued at about $3,043,000.
Direxion Daily CSI China Internet Index Bull 2x Shares Trading Up 7.2 %
Shares of NYSEARCA:CWEB opened at $34.48 on Friday. The firm has a market cap of $371.35 million, a price-to-earnings ratio of 16.23 and a beta of 2.69. The stock’s 50-day moving average price is $33.50 and its two-hundred day moving average price is $33.79. Direxion Daily CSI China Internet Index Bull 2x Shares has a 12-month low of $23.70 and a 12-month 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.
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