Short Interest in Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB) Drops By 30.3%

Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 669,238 shares, a decline of 30.3% from the January 15th total of 960,111 shares. Based on an average daily volume of 582,011 shares, the short-interest ratio is presently 1.1 days. Currently, 10.8% of the shares of the stock are sold short. Currently, 10.8% of the shares of the stock are sold short. Based on an average daily volume of 582,011 shares, the short-interest ratio is presently 1.1 days.

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

NYSEARCA CWEB traded up $0.05 on Friday, hitting $36.48. The company had a trading volume of 262,390 shares, compared to its average volume of 486,029. The company’s fifty day moving average price is $42.54 and its 200-day moving average price is $47.04. The company has a market capitalization of $226.91 million, a PE ratio of 17.82 and a beta of 0.60. Direxion Daily CSI China Internet Index Bull 2x Shares has a 12-month low of $26.93 and a 12-month high of $61.24.

Direxion Daily CSI China Internet Index Bull 2x Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 31st were paid a $1.1127 dividend. This represents a $4.45 annualized dividend and a dividend yield of 12.2%. The ex-dividend date of this dividend was Wednesday, December 31st.

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

Several large investors have recently bought and sold shares of the business. Group One Trading LLC acquired a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares in the third quarter valued at approximately $11,623,000. Renaissance Technologies LLC purchased a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares in the 4th quarter valued at $983,000. IMC Chicago LLC acquired a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares in the 3rd quarter worth $1,329,000. Csenge Advisory Group acquired a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares in the 4th quarter worth $316,000. Finally, HRT Financial LP purchased a new position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the 4th quarter worth $220,000.

Direxion Daily CSI China Internet Index Bull 2x Shares Company Profile

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.