Virtu Financial LLC Grows Stake in Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB)

Virtu Financial LLC raised its stake in Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB) by 27.6% during the fourth quarter, Holdings Channel reports. The fund owned 65,545 shares of the company’s stock after buying an additional 14,180 shares during the period. Virtu Financial LLC’s holdings in Direxion Daily CSI China Internet Index Bull 2x Shares were worth $2,093,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the 3rd quarter valued at approximately $522,000. Barclays PLC purchased a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the 3rd quarter valued at approximately $63,000. HighTower Advisors LLC purchased a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the 3rd quarter valued at approximately $3,043,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares during the 4th quarter valued at approximately $674,000.

Direxion Daily CSI China Internet Index Bull 2x Shares Trading Down 4.0 %

Shares of CWEB stock opened at $45.05 on Friday. The stock has a market capitalization of $365.81 million, a P/E ratio of 21.62 and a beta of 0.82. The firm’s 50 day moving average is $40.94 and its 200 day moving average is $37.90. Direxion Daily CSI China Internet Index Bull 2x Shares has a 12 month low of $24.60 and a 12 month high of $59.31.

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.