Direxion Daily CSI China Internet Index Bull 2X Shares logo

Direxion Daily CSI China Internet Index Bull 2X Shares (CWEB)

Market Closed
22 Jul, 20:00
ARCA ARCA
$
44. 22
+0.67
+1.54%
$
241.14M Market Cap
0.63% Div Yield
303,400 Volume
$ 43.55
Previous Close
Day Range
42.61 44.38
Year Range
24.6 59.31
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Summary

CWEB closed today higher at $44.22, an increase of 1.54% from yesterday's close, completing a monthly increase of 12.12% or $4.78. Over the past 12 months, CWEB stock gained 42.1%.
CWEB pays dividends to its shareholders, with the most recent payment made on Oct 01, 2024. The next estimated payment will be in 6 months ago on Jan 01, 2025 for a total of $0.086.
Direxion Daily CSI China Internet Index Bull 2X Shares has completed 1 stock splits, with the recent split occurring on May 31, 2022.
The company's stock is traded on 3 different exchanges and in various currencies, with the primary listing on ARCA (USD).

CWEB Chart

Chart

Chart with 60 data points.
The chart has 1 X axis displaying categories.
The chart has 2 Y axes displaying values, and values.
End of interactive chart.
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CWEB is a leveraged ETF focused on Chinese internet stocks, which act as proxies for China's mass consumption sector, including e-commerce and mobile gaming companies. Persistent deflation and weak consumption in China have led to low valuations for these stocks, despite robust EBITDA growth and share buyback programs. The Chinese government is shifting towards aggressive fiscal and monetary policies to combat deflation, which should stabilize consumption and re-rate these stocks.

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Direxion Daily CSI China Internet Index Bull 2X Shares Dividends

Direxion Daily CSI China Internet Index Bull 2X Shares logo
CWEB 7 months ago
Other
$1.08 Per Share
Direxion Daily CSI China Internet Index Bull 2X Shares logo
CWEB 9 months ago
Paid
Quarterly
$0.09 Per Share
Direxion Daily CSI China Internet Index Bull 2X Shares logo
CWEB 25 Jun 2024
Paid
Quarterly
$0.16 Per Share
Direxion Daily CSI China Internet Index Bull 2X Shares logo
CWEB 19 Mar 2024
Paid
Quarterly
$0.14 Per Share
Direxion Daily CSI China Internet Index Bull 2X Shares logo
CWEB 21 Dec 2023
Paid
Quarterly
$0.47 Per Share

Direxion Daily CSI China Internet Index Bull 2X Shares Earnings

CWEB have yet to publish their earning reports.
Direxion Daily CSI China Internet Index Bull 2X Shares logo
CWEB 7 months ago
Other
$1.08 Per Share
Direxion Daily CSI China Internet Index Bull 2X Shares logo
CWEB 9 months ago
Paid
Quarterly
$0.09 Per Share
Direxion Daily CSI China Internet Index Bull 2X Shares logo
CWEB 25 Jun 2024
Paid
Quarterly
$0.16 Per Share
Direxion Daily CSI China Internet Index Bull 2X Shares logo
CWEB 19 Mar 2024
Paid
Quarterly
$0.14 Per Share
Direxion Daily CSI China Internet Index Bull 2X Shares logo
CWEB 21 Dec 2023
Paid
Quarterly
$0.47 Per Share
CWEB have yet to publish their earning reports.

Direxion Daily CSI China Internet Index Bull 2X Shares (CWEB) FAQ

What is the stock price today?

The current price is $44.22.

On which exchange is it traded?

Direxion Daily CSI China Internet Index Bull 2X Shares is listed on ARCA.

What is its stock symbol?

The ticker symbol is CWEB.

Does it pay dividends? What is the current yield?

Yes, It pays dividends and the current yield is 0.63%.

What is its market cap?

As of today, the market cap is 241.14M.

Has Direxion Daily CSI China Internet Index Bull 2X Shares ever had a stock split?

Direxion Daily CSI China Internet Index Bull 2X Shares had 1 splits and the recent split was on May 31, 2022.

Direxion Daily CSI China Internet Index Bull 2X Shares Profile

ARCA Exchange
US Country

Overview

The company focuses on tracking the performance of China-based companies in the Internet and Internet-related sectors. By investing primarily in a variety of financial instruments, the company aims to offer 2X daily leveraged exposure to its targeted index. This is specifically designed for investors looking to capitalize on the dynamic Internet sector within China's vast economy. The fund is characterized by its non-diversified nature, concentrating its investments to achieve its stated objective. As the companies represented in the index are at the forefront of the digital era in China, this fund offers a unique gateway to participate in the growth of China's internet sector.

Products and Services

  • Financial Instruments Investment
  • The fund invests at least 80% of its net assets in a blend of financial instruments. These include swap agreements, securities that are part of its targeted index, and ETFs tracking the index. This strategic combination is crafted to provide investors with 2X daily leveraged exposure to the companies shaping the internet landscape in China.

  • Exposure to China-Based Internet Companies
  • By concentrating on the investable universe of publicly traded China-based companies in the Internet and Internet-related sectors, the fund offers investors a focused exposure. This sector-specific approach aims to capture the growth and innovation spearheaded by Chinese internet companies, leveraging the increasing digital transformation in the country.

  • Non-Diversified Fund Structure
  • Adopting a non-diversified fund structure enables the company to allocate a significant portion of its assets to investments that closely align with its investment objective. Although this approach may involve higher risk compared to diversified funds, it also offers the potential for significant returns by focusing on a specific sector of the market that is expected to experience rapid growth.

Contact Information

Address: -
Phone: NA