Direxion Daily CSI China Internet Index Bull 2X SharesDirexion Daily CSI China Internet Index Bull 2X SharesDirexion Daily CSI China Internet Index Bull 2X Shares

Direxion Daily CSI China Internet Index Bull 2X Shares

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Key stats


Assets under management (AUM)
‪249.71 M‬USD
Fund flows (1Y)
‪−102.61 M‬USD
Dividend yield (indicated)
3.65%
Discount/Premium to NAV
−0.09%
Shares outstanding
‪6.47 M‬
Expense ratio
1.25%

About Direxion Daily CSI China Internet Index Bull 2X Shares


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Inception date
Nov 2, 2016
Structure
Open-Ended Fund
Index tracked
CSI Overseas China Internet
Replication method
Synthetic
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
CWEB tracks the same underlying index as KraneShares’ KWEB, but aims to deliver 2x its daily returns. Over longer periods, returns can vary significantly from its headline 2x target. CWEB’s index excludes hardware companies, and its constituents are ranked by market capitalization in US Dollars while utilizing a 10% capping methodology. Furthermore, the Index is rebalanced semi-annually. CWEB can be a fit for US investors looking for a leveraged pure play on China’s Internet ecosystem without going into the restrictive onshore A-Shares market. As a levered product, CWEB is not a buy-and-hold investment, and should not be expected to provide index leverage return greater than one day period. As such, the total cost of owning CWEB is more dependent on trading costs than management costs.

Classification


Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Internet
Strategy
Vanilla
Geography
China
Weighting scheme
Market cap
Selection criteria
Market cap
What's in the fund
Exposure type
Bonds, Cash & Other
ETF
Cash
Stock breakdown by region
100%
Top 10 holdings

See all ideas 

Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to CWEB via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
CWEB trades at 36.32 USD today, its price has fallen −5.69% in the past 24 hours. Track more dynamics on CWEB price chart.
CWEB net asset value is 36.35 today — it's risen 2.60% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
CWEB assets under management is ‪249.71 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
CWEB price has risen by 2.71% over the last month, and its yearly performance shows a 0.41% increase. See more dynamics on CWEB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.60% over the last month, showed a −12.69% decrease in three-month performance and has increased by 3.51% in a year.
CWEB fund flows account for ‪−102.61 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
CWEB invests in funds. See more details in our Analysis section.
CWEB expense ratio is 1.25%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, CWEB is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, CWEB technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating CWEB shows the sell signal. See more of CWEB technicals for a more comprehensive analysis.
Yes, CWEB pays dividends to its holders with the dividend yield of 3.65%.
CWEB trades at a premium (0.09%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
CWEB shares are issued by Rafferty Asset Management LLC
CWEB follows the CSI Overseas China Internet. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 2, 2016.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.