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. CWEBs 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 Chinas 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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Cash
Bonds, Cash & Other100.00%
ETF58.55%
Cash41.45%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CWEB last dividends amounted to 1.08 USD. The quarter before, the issuer paid 0.09 USD in dividends, which shows a 92.11% increase.
CWEB assets under management is 238.08 M USD. It's fallen 3.62% over the last month.
CWEB fund flows account for −106.64 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.
Yes, CWEB pays dividends to its holders with the dividend yield of 3.48%. The last dividend (Dec 31, 2024) amounted to 1.08 USD. The dividends are paid quarterly.
CWEB shares are issued by Rafferty Asset Management LLC under the brand Direxion. The ETF was launched on Nov 2, 2016, and its management style is Passive.
CWEB expense ratio is 1.25% meaning you'd have to pay 1.25% of your investment to help manage the fund.
CWEB follows the CSI Overseas China Internet. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CWEB invests in funds.
CWEB price has risen by 6.62% over the last month, and its yearly performance shows a 21.44% increase. See more dynamics on CWEB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.93% over the last month, showed a −9.07% decrease in three-month performance and has increased by 25.63% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.93% over the last month, showed a −9.07% decrease in three-month performance and has increased by 25.63% in a year.
CWEB trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.