Traders Buy High Volume of Direxion Daily CSI China Internet Index Bull 2X ETF Call Options (NYSEARCA:CWEB)

Direxion Daily CSI China Internet Index Bull 2X ETF (NYSEARCA:CWEB) saw some unusual options trading activity on Monday. Investors bought 5,634 call options on the company. This is an increase of approximately 882% compared to the average daily volume of 574 call options.

Direxion Daily CSI China Internet Index Bull 2X ETF Stock Up 7.2%

Shares of CWEB traded up $1.13 during trading hours on Monday, hitting $16.80. The company had a trading volume of 502,187 shares, compared to its average volume of 604,062. The firm has a market cap of $152.38 million, a price-to-earnings ratio of 17.82 and a beta of 0.75. The business has a fifty day moving average of $18.69 and a 200-day moving average of $25.88. Direxion Daily CSI China Internet Index Bull 2X ETF has a 12 month low of $15.37 and a 12 month high of $51.46.

Hedge Funds Weigh In On Direxion Daily CSI China Internet Index Bull 2X ETF

A number of institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. boosted its holdings in shares of Direxion Daily CSI China Internet Index Bull 2X ETF by 15.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 21,178 shares of the company’s stock valued at $388,000 after acquiring an additional 2,763 shares in the last quarter. Group One Trading LLC increased its holdings in Direxion Daily CSI China Internet Index Bull 2X ETF by 35.0% in the 1st quarter. Group One Trading LLC now owns 55,356 shares of the company’s stock worth $1,482,000 after purchasing an additional 14,365 shares in the last quarter. Finally, IMC Chicago LLC acquired a new position in Direxion Daily CSI China Internet Index Bull 2X ETF in the 1st quarter worth about $798,000.

Direxion Daily CSI China Internet Index Bull 2X ETF 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.