Traders Purchase High Volume of Direxion Daily CSI China Internet Index Bull 2x Shares Call Options (NYSEARCA:CWEB)

Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB) saw unusually large options trading activity on Monday. Stock traders purchased 2,925 call options on the stock. This is an increase of 270% compared to the typical daily volume of 790 call options.

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

A number of hedge funds have recently bought and sold shares of the company. IMC Chicago LLC acquired a new position in Direxion Daily CSI China Internet Index Bull 2x Shares in the 1st quarter valued at $798,000. Quadrature Capital Ltd purchased a new position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the 4th quarter worth $4,655,000. HRT Financial LP acquired a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the fourth quarter worth $220,000. Renaissance Technologies LLC acquired a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the fourth quarter worth $983,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the second quarter worth $161,000.

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

Shares of NYSEARCA CWEB opened at $23.57 on Tuesday. The company has a 50-day simple moving average of $22.44 and a 200-day simple moving average of $30.01. The company has a market cap of $238.53 million, a PE ratio of 17.82 and a beta of 0.79. Direxion Daily CSI China Internet Index Bull 2x Shares has a 12 month low of $17.09 and a 12 month high of $61.24.

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.