Direxion Daily CSI China Internet Index Bull 2x Shares Sees Unusually Large Options Volume (NYSEARCA:CWEB)

Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB) was the target of some unusual options trading on Monday. Stock investors acquired 19,093 call options on the stock. This represents an increase of 2,402% compared to the average volume of 763 call options.

Institutional Trading of Direxion Daily CSI China Internet Index Bull 2x Shares

Institutional investors and hedge funds have recently modified their holdings of the business. Group One Trading LLC bought a new stake in Direxion Daily CSI China Internet Index Bull 2x Shares during the third quarter worth $11,623,000. IMC Chicago LLC bought a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the 3rd quarter worth $1,329,000. Qube Research & Technologies Ltd purchased a new position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares in the 2nd quarter worth about $161,000. Finally, Bank of America Corp DE boosted its holdings 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 worth $155,000 after buying an additional 1,100 shares during the last quarter.

Direxion Daily CSI China Internet Index Bull 2x Shares Trading Up 8.1%

Shares of CWEB traded up $3.56 during trading hours on Monday, reaching $47.73. 1,190,256 shares of the stock traded hands, compared to its average volume of 433,765. Direxion Daily CSI China Internet Index Bull 2x Shares has a 52 week low of $26.93 and a 52 week high of $61.24. The company has a market cap of $301.65 million, a price-to-earnings ratio of 17.82 and a beta of 0.60. The stock has a fifty day simple moving average of $44.63 and a 200 day simple moving average of $46.90.

Direxion Daily CSI China Internet Index Bull 2x Shares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st were given a dividend of $1.1127 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $4.45 annualized dividend and a dividend yield of 9.3%.

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.