Direxion Daily CSI China Internet Index Bull 2x Shares Target of Unusually Large Options Trading (NYSEARCA:CWEB)

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

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

Shares of CWEB traded up $0.73 during mid-day trading on Monday, reaching $23.27. The stock had a trading volume of 256,433 shares, compared to its average volume of 586,353. The firm has a market cap of $235.49 million, a price-to-earnings 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. The business has a fifty day moving average of $22.54 and a 200 day moving average of $30.14.

Institutional Investors Weigh In On Direxion Daily CSI China Internet Index Bull 2x Shares

A number of institutional investors have recently bought and sold shares of CWEB. Barclays PLC purchased a new position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares in the fourth quarter valued at about $32,000. Bank of America Corp DE grew its position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares by 39.0% during the second quarter. Bank of America Corp DE now owns 3,921 shares of the company’s stock worth $155,000 after purchasing an additional 1,100 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares during the 2nd quarter valued at approximately $161,000. HRT Financial LP bought a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares during the 4th quarter valued at approximately $220,000. Finally, Csenge Advisory Group purchased a new position in Direxion Daily CSI China Internet Index Bull 2x Shares in the 4th quarter worth approximately $316,000.

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.