IFP Advisors Inc Buys New Position in Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB)

IFP Advisors Inc bought a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,500 shares of the company’s stock, valued at approximately $65,000.

Separately, SBI Securities Co. Ltd. boosted its holdings in Direxion Daily CSI China Internet Index Bull 2x Shares by 1.4% in the first quarter. SBI Securities Co. Ltd. now owns 21,394 shares of the company’s stock valued at $921,000 after acquiring an additional 293 shares during the last quarter.

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

Shares of CWEB opened at $41.10 on Thursday. Direxion Daily CSI China Internet Index Bull 2x Shares has a 52-week low of $24.60 and a 52-week high of $59.31. The business’s 50 day moving average price is $40.08 and its two-hundred day moving average price is $39.45. The firm has a market cap of $266.08 million, a PE ratio of 17.82 and a beta of 1.09.

Direxion Daily CSI China Internet Index Bull 2x Shares 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.