Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB) to Issue $1.11 Quarterly Dividend

Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB) announced a quarterly dividend on Tuesday, December 30th. Shareholders of record on Wednesday, December 31st will be given a dividend of 1.1127 per share on Thursday, January 8th. This represents a c) annualized dividend and a yield of 11.1%. The ex-dividend date of this dividend is Wednesday, December 31st.

Direxion Daily CSI China Internet Index Bull 2x Shares Stock Down 4.4%

NYSEARCA:CWEB traded down $1.86 on Wednesday, reaching $40.15. The company’s stock had a trading volume of 111,780 shares, compared to its average volume of 486,399. 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. The firm has a market cap of $263.79 million, a price-to-earnings ratio of 17.82 and a beta of 0.60. The stock has a 50 day moving average price of $46.12 and a 200 day moving average price of $46.67.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its stake in shares of 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 acquiring an additional 1,100 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares in the 2nd quarter valued at approximately $161,000. IMC Chicago LLC purchased a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares in the third quarter valued at approximately $1,329,000. Finally, Group One Trading LLC acquired a new position in Direxion Daily CSI China Internet Index Bull 2x Shares during the third quarter worth $11,623,000.

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.