Short Interest in Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB) Decreases By 36.1%

Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 986,053 shares, a decline of 36.1% from the February 26th total of 1,541,945 shares. Based on an average daily trading volume, of 575,901 shares, the short-interest ratio is presently 1.7 days. Approximately 15.9% of the shares of the company are short sold.

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

Several large investors have recently modified their holdings of the stock. Barclays PLC acquired a new position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares in the 4th quarter worth approximately $32,000. Bank of America Corp DE boosted its stake in Direxion Daily CSI China Internet Index Bull 2x Shares by 39.0% in the 2nd quarter. Bank of America Corp DE now owns 3,921 shares of the company’s stock valued at $155,000 after buying 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 in the second quarter valued at $161,000. HRT Financial LP bought a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares in the fourth quarter valued at $220,000. Finally, Csenge Advisory Group acquired a new position in Direxion Daily CSI China Internet Index Bull 2x Shares during the fourth quarter worth $316,000.

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

NYSEARCA:CWEB opened at $26.27 on Friday. The company has a 50-day moving average of $35.68 and a 200-day moving average of $44.30. Direxion Daily CSI China Internet Index Bull 2x Shares has a 52 week low of $26.17 and a 52 week high of $61.24. The company has a market capitalization of $163.40 million, a price-to-earnings ratio of 17.82 and a beta of 0.60.

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. Shareholders of record on Wednesday, December 31st were paid a dividend of $1.1127 per share. The ex-dividend date was Wednesday, December 31st. This represents a $4.45 dividend on an annualized basis and a yield of 16.9%.

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.