IMC Chicago LLC Makes New $798,000 Investment in Direxion Daily CSI China Internet Index Bull 2x Shares $CWEB

IMC Chicago LLC acquired a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB) in the first quarter, Holdings Channel.com reports. The fund acquired 29,817 shares of the company’s stock, valued at approximately $798,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC bought a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the 4th quarter worth $32,000. Bank of America Corp DE raised its position in shares of 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 purchasing an additional 1,100 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the second quarter worth $161,000. HRT Financial LP acquired a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the fourth quarter worth $220,000. Finally, Csenge Advisory Group purchased a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the fourth quarter valued at $316,000.

Direxion Daily CSI China Internet Index Bull 2x Shares Stock Up 6.5%

NYSEARCA:CWEB opened at $22.93 on Thursday. Direxion Daily CSI China Internet Index Bull 2x Shares has a 1-year low of $17.09 and a 1-year high of $61.24. The firm has a market capitalization of $230.91 million, a price-to-earnings ratio of 17.82 and a beta of 0.79. The stock has a fifty day simple moving average of $22.75 and a 200 day simple moving average of $30.41.

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.