JPMorgan Chase & Co. Takes $522,000 Position in Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB)

JPMorgan Chase & Co. bought a new position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,570 shares of the company’s stock, valued at approximately $522,000. JPMorgan Chase & Co. owned 0.11% of Direxion Daily CSI China Internet Index Bull 2x Shares as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Barclays PLC bought a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares during the 3rd quarter worth approximately $63,000. Virtu Financial LLC bought a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares during the third quarter worth $2,318,000. Finally, HighTower Advisors LLC purchased a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares in the 3rd quarter valued at $3,043,000.

Direxion Daily CSI China Internet Index Bull 2x Shares Stock Up 5.1 %

Direxion Daily CSI China Internet Index Bull 2x Shares stock opened at $36.89 on Wednesday. The stock has a market cap of $397.31 million, a P/E ratio of 16.23 and a beta of 2.69. The company’s 50 day moving average price is $33.51 and its two-hundred day moving average price is $33.84. Direxion Daily CSI China Internet Index Bull 2x Shares has a 52 week low of $23.70 and a 52 week high of $59.31.

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.