Direxion Daily CSI China Internet Index Bull 2x Shares Shares Set to Reverse Split on Tuesday, May 31 (NYSEARCA:CWEB)


Direxion Daily CSI China Internet Index Bull 2x Shares (NYSEARCA:CWEB – Get Rating) stocks will reverse on Tuesday, May 31. The 1-10 reverse split was announced on Tuesday, May 31. The number of shares held by shareholders will be adjusted after the closing bell on Tuesday 31 May.

Shares of CWEB opened Friday at $5.07. The company has a 50-day moving average of $5.94 and a 200-day moving average of $11.33. Direxion Daily CSI China Internet Index Bull 2x Shares has a 52-week low of $3.55 and a 52-week high of $51.28.

Major investors have recently increased or decreased their stake in the company. Altfest LJ & Co. Inc. bought a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares worth $1,847,000 in the fourth quarter. Aurora Private Wealth Inc. bought a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares worth $170,000 in the fourth quarter. Manchester Capital Management LLC increased its exposure to shares of Direxion Daily CSI China Internet Index Bull 2x Shares by 140.0% during the third quarter. Manchester Capital Management LLC now owns 22,760 shares of the company worth $442,000 after purchasing an additional 13,275 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Direxion Daily CSI China Internet Index Bull 2x Shares worth $86,000 in the first quarter. Finally, in the first quarter, SG Americas Securities LLC bought a new position in shares of Direxion Daily CSI China Internet Index Bull 2x Shares, worth $186,000.

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