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

by · The Markets Daily

Direxion Daily CSI China Internet Index Bull 2X ETF (NYSEARCA:CWEB – Get Free Report) was the target of some unusual options trading on Monday. Stock traders purchased 5,634 call options on the company. This is an increase of 882% compared to the typical volume of 574 call options.

Institutional Trading of Direxion Daily CSI China Internet Index Bull 2X ETF

A number of institutional investors have recently modified their holdings of CWEB. IMC Chicago LLC bought a new position in shares of Direxion Daily CSI China Internet Index Bull 2X ETF during the 1st quarter worth approximately $798,000. Group One Trading LLC boosted its holdings in Direxion Daily CSI China Internet Index Bull 2X ETF by 35.0% during the first 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 during the last quarter. Finally, SBI Securities Co. Ltd. grew its position in Direxion Daily CSI China Internet Index Bull 2X ETF by 15.0% in the third quarter. SBI Securities Co. Ltd. now owns 21,178 shares of the company’s stock valued at $388,000 after purchasing an additional 2,763 shares in the last quarter.

Direxion Daily CSI China Internet Index Bull 2X ETF Price Performance

Shares of NYSEARCA CWEB traded up $1.13 during midday trading on Monday, hitting $16.80. The stock had a trading volume of 502,187 shares, compared to its average volume of 604,062. The company’s 50-day simple moving average is $18.69 and its 200 day simple moving average is $25.88. The firm has a market cap of $152.38 million, a P/E ratio of 17.82 and a beta of 0.75. Direxion Daily CSI China Internet Index Bull 2X ETF has a fifty-two week low of $15.37 and a fifty-two week high of $51.46.

About Direxion Daily CSI China Internet Index Bull 2X ETF

(Get Free Report)

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.

Further Reading