Direxion Daily CSI China Internet Bull 2X Shares (CWEB)
- Previous Close
30.34 - Open
31.23 - Bid --
- Ask --
- Day's Range
31.19 - 32.13 - 52 Week Range
23.20 - 49.71 - Volume
844,427 - Avg. Volume
575,858 - Net Assets 336.99M
- NAV 30.32
- PE Ratio (TTM) 13.02
- Yield 3.19%
- YTD Daily Total Return -8.53%
- Beta (5Y Monthly) 0.70
- Expense Ratio (net) 1.28%
The index is designed to measure the performance of the investable universe of publicly traded China-based companies whose primary business or businesses are in the Internet and Internet-related sectors. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds ("ETFs") that track the index, that, in combination, provide 2X daily leveraged exposure to the index, consistent with the fund's investment objective. It is non-diversified.
Direxion Funds
Fund Family
Trading--Leveraged Equity
Fund Category
336.99M
Net Assets
2016-11-02
Inception Date
Performance Overview: CWEB
Trailing returns as of 4/22/2024. Category is Trading--Leveraged Equity.
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Holdings: CWEB
Top 1 Holdings (46.31% of Total Assets)
Sector Weightings
Related ETF News
Research Reports: CWEB
Analyst Report: Tencent Holdings Limited
Tencent is arguably the most influential internet firm in China, as one can hardly go a day without using its products. Tencent is the world's largest video game vendor and owns the world's top-grossing mobile game—Honor of Kings. Tencent also runs China's largest social media super app—WeChat. The app is now part of the fabric of life for Chinese people who use it to chat, shop, watch videos, play games, order food and taxis, and more. Equally as impressive as its own portfolio, Tencent is also among the world's largest venture capital and investment corporations. The firm is now one of the largest shareholders in leading tech companies like Meituan, JD, DiDi, Snap, PDD, Kuaishou, Epic Games, and more.
RatingPrice TargetAnalyst Report: PDD Holdings Inc.
PDD Holdings is a multinational commerce group that owns and operates a portfolio of businesses. PDD aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from the increased productivity and new opportunities. PDD has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses.
RatingPrice TargetAnalyst Report: Tencent Holdings Limited
Tencent is arguably the most influential internet firm in China as one can hardly go by a day without using its products. Tencent is the world's largest video game vendor and owns the world's top-grossing mobile game--Honor of Kings. Tencent also runs China's largest social media super app--WeChat. The app is now part of the fabric of life for Chinese people who use it to chat, shop, watch videos, play games, order food and taxis, and more. Equally as impressive as its own portfolio, Tencent is also among the world's largest venture capital and investment corporations. The firm is now one of the largest shareholders in leading tech companies like Meituan, JD, DiDi, Snap, PDD, Kuaishou, Epic Games, and more.
RatingPrice TargetAnalyst Report: JD.com, Inc.
JD.com is a leading e-commerce platform with its 2022 China GMV being similar to Pinduoduo (GMV not reported), on our estimate, but still lower than Alibaba. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.
RatingPrice Target