Barclays PLC Buys New Stake in Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB)

Barclays PLC purchased a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,400 shares of the company’s stock, valued at approximately $63,000.

Separately, HighTower Advisors LLC purchased a new position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares in the third quarter valued at $3,043,000.

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

Direxion Daily CSI China Internet Index Bull 2x Shares stock opened at $29.69 on Friday. Direxion Daily CSI China Internet Index Bull 2x Shares has a 12-month low of $23.20 and a 12-month high of $59.31. The company has a market capitalization of $319.76 million, a price-to-earnings ratio of 16.23 and a beta of 2.69. The firm’s fifty day moving average price is $35.04 and its 200 day moving average price is $33.88.

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.