Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB) Sees Significant Decrease in Short Interest

Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB) saw a significant decrease in short interest in April. As of April 15th, there was short interest totaling 775,399 shares, a decrease of 20.9% from the March 31st total of 980,789 shares. Based on an average trading volume of 403,109 shares, the days-to-cover ratio is presently 1.9 days. Approximately 8.4% of the company’s shares are short sold.

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

NYSEARCA:CWEB opened at $27.03 on Friday. The business’s 50-day simple moving average is $28.97 and its 200-day simple moving average is $39.31. Direxion Daily CSI China Internet Index Bull 2x Shares has a fifty-two week low of $25.18 and a fifty-two week high of $61.24. The stock has a market capitalization of $251.92 million, a PE ratio of 17.82 and a beta of 0.83.

Institutional Trading of Direxion Daily CSI China Internet Index Bull 2x Shares

Institutional investors have recently modified their holdings of the company. Barclays PLC bought a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares in the fourth quarter worth $32,000. Bank of America Corp DE lifted its position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares by 39.0% in the second quarter. Bank of America Corp DE now owns 3,921 shares of the company’s stock valued at $155,000 after buying an additional 1,100 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares in the second quarter valued at approximately $161,000. Cane Capital Partners LLC bought a new position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the 1st quarter worth approximately $214,000. Finally, HRT Financial LP acquired a new position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the 4th quarter worth approximately $220,000.

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.