Direxion Daily CSI China Internet Index Bull 2x Shares Stock Set to Reverse Split on Tuesday, May 31st (NYSEARCA:CWEB)

Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEBGet Rating) shares are set to reverse split on Tuesday, May 31st. The 1-10 reverse split was announced on Tuesday, May 31st. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, May 31st.

Shares of CWEB opened at $5.07 on Friday. The business has a fifty day moving average of $5.94 and a 200 day moving average of $11.33. Direxion Daily CSI China Internet Index Bull 2x Shares has a 52-week low of $3.55 and a 52-week high of $51.28.

Large investors have recently added to or reduced their stakes in the company. Altfest L J & Co. Inc. bought a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the fourth quarter worth $1,847,000. Aurora Private Wealth Inc. bought a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the fourth quarter worth $170,000. Manchester Capital Management LLC lifted its position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares by 140.0% during the third quarter. Manchester Capital Management LLC now owns 22,760 shares of the company’s stock worth $442,000 after purchasing an additional 13,275 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the first quarter worth $86,000. Finally, SG Americas Securities LLC purchased a new position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the first quarter valued at $186,000.

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