Investors Buy Large Volume of Call Options on Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB)

Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB) was the recipient of some unusual options trading on Monday. Traders bought 2,925 call options on the stock. This is an increase of approximately 270% compared to the average daily volume of 790 call options.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CWEB. Barclays PLC purchased a new position in Direxion Daily CSI China Internet Index Bull 2x Shares in the fourth quarter worth approximately $32,000. Bank of America Corp DE increased its stake in 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 acquiring an additional 1,100 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares in the second quarter valued at $161,000. HRT Financial LP purchased 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 shares of Direxion Daily CSI China Internet Index Bull 2x Shares in the 4th quarter valued at $316,000.

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

Shares of Direxion Daily CSI China Internet Index Bull 2x Shares stock opened at $22.86 on Wednesday. The business’s 50 day moving average price is $22.34 and its 200 day moving average price is $29.88. The company has a market cap of $231.34 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 one year low of $17.09 and a one year high of $61.24.

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.