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

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 investors acquired 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

Several institutional investors and hedge funds have recently made changes to their positions in CWEB. SBI Securities Co. Ltd. grew its holdings in 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 worth $388,000 after acquiring an additional 2,763 shares in the last quarter. Group One Trading LLC raised its holdings in shares of 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 valued at $1,482,000 after purchasing an additional 14,365 shares in the last quarter. Finally, IMC Chicago LLC purchased a new stake in shares of Direxion Daily CSI China Internet Index Bull 2X ETF in the 1st quarter worth approximately $798,000.

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

Shares of CWEB stock remained flat at $16.49 during mid-day trading on Tuesday. The company’s stock had a trading volume of 188,272 shares, compared to its average volume of 603,358. Direxion Daily CSI China Internet Index Bull 2X ETF has a twelve month low of $15.37 and a twelve month high of $51.46. The stock has a 50-day moving average of $18.57 and a 200-day moving average of $25.73. The firm has a market capitalization of $149.56 million, a price-to-earnings ratio of 17.82 and a beta of 0.75.

Direxion Daily CSI China Internet Index Bull 2X ETF Company Profile

(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.

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