CWEB

Direxion Daily CSI China Internet Index Bull 2X Shares

$46.70

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The Direxion Daily CSI China Internet Index Bull 2X Shares (CWEB) seeks to provide 2x the daily return of the CSI Overseas China Internet Index, which tracks the performance of the 40 largest and most liquid Chinese internet and e-commerce companies.

Overview

ETF tracking Direxion Daily CSI China Internet Index Bull 2X Shares

Category Leveraged

Issuer Other

Inception Date 2016-11-02

Market Cap $300.0M

Average Volume N/A

Dividend Yield 2.32%

52-Week Range $27.72 - $60.13

VWAP $47.25

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

CWEB uses financial instruments such as swap agreements and futures contracts to provide leveraged exposure to the underlying index. The fund rebalances its portfolio daily to maintain the 2x leverage target.

✨ Key Features

Provides 2x the daily return of the CSI Overseas China Internet Index
Utilizes leveraged investment strategies to amplify index performance
Rebalances portfolio daily to maintain target leverage
Invests in large Chinese internet and e-commerce companies

⚠️ Primary Risks

Significant volatility and risk of loss due to the leveraged nature of the fund
Potential for divergence from the underlying index's performance over longer time periods
Exposure to the Chinese internet and e-commerce sector, which may be subject to regulatory and market risks
Liquidity risks and trading costs associated with the use of derivatives

👤 Best For

CWEB is best suited for experienced, risk-tolerant investors seeking short-term, leveraged exposure to the Chinese internet and e-commerce sector. Due to the fund's high volatility and risk, it is not recommended for long-term or conservative investors.