Surge of CWEB due to China Government's Policies China Government recently launched several policies to stimulate the economy in China.
On the other hand, due to FED cuts rate, the capital previously captured in US is expected to flow to other non-USD countries (including China)
Disclaimer: There is no intention to induce any person nor p
Key stats
About Direxion Daily CSI China Internet Index Bull 2X Shares
Home page
Inception date
Nov 2, 2016
Structure
Open-Ended Fund
Replication method
Synthetic
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
What's in the fund
Exposure type
ETF
Cash
Stock breakdown by region
Top 10 holdings
Chinese ETF Possible HUGE Move!Watch NASDAQ:BIDU NYSE:TME AMEX:CWEB NYSE:BABA NASDAQ:NTES NASDAQ:PDD . Most are breaking out
Scoop up some strong ones!!
Reasoning
Whole Industry is moving!
Divergence between Composite and RSI on 4D chart
Consolidation seems done
Correction is not overextended
Multiple B
Diamond Bottom | 27% move possibleDirexion Daily CSI China Internet Index Bull 2X Shares forms bullish "Diamond Bottom" chart pattern
"Diamond Bottom" chart pattern formed on Direxion Daily CSI China Internet Index Bull 2X Shares (CWEB:NYSE). This bullish signal indicates that the stock price may rise from the close of $50.19 to t
CWEB is really sucking it. CWEBWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statisti
CWEB starting to look better with this wedge breakoutI'd like to see a retest of the wedge for a safer entry or a consolidation for a few days above the green line around $12.35
The daily RSI has also broke resistance which is typically bullish.
Lately CWEB has been sold off after going above the 34 EMA, it has to stay above that to gain confidence i
CWEB Weekly Options PlayDescription
CWEB has been working it down from its ATH since FEB of this year, and has gotten stopped up in the congestion pattern.
I have been watching it to pick a direction to enter a position and it looks like it finally has broken to the downside.
I have been using Long Puts in all my short p
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.
Related funds
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.
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.
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.
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.