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Leveraged & Inverse ETFs

Direxion Daily CSI China Internet Index Bull 2X Shares

The Direxion Daily CSI China Internet Index Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the CSI Overseas China Internet Index. There is no guarantee the fund will achieve its stated investment objective.

Investing in a Direxion Shares ETF may be more volatile than investing in broadly diversified funds. The use of leverage by the Fund increases the risk to the Fund. The Direxion Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and the consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investment.

CWEB

NAV (Net Asset Value)$31.90As of Jul 15, 2024
1 Day NAV change$-2.34(-6.83%)As of Jul 15, 2024
Daily Target
+200%
Intra-day Value
CWEB.IV
Daily NAV
$31.90
Daily Market Price
$31.98
Expense Ratio
(gross/net %)
1.28 / 1.28*
Daily Volume
612,717
Security Identifier
25460G187
Inception Date
Nov 02, 2016

Operational Updates

  • 01/23/2024
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Documents & Downloads

  • CWEB Fact Sheet (pdf)
  • Direxion ETFs List (pdf)
  • Prospectus
  • Daily Fund Holdings (csv)

This leveraged ETF seeks a return that is 200% the return of its benchmark index for a single day. The fund should not be expected to provide two times the return of the benchmark’s cumulative return for periods greater than a day.

Pricing & Performance

NAV and Market Price information as of 07/15/2024.

CWEB Direxion Daily CSI China Internet Index Bull 2X Shares
Net Asset Value (NAV)
$31.90Nav
$-2.34Change
-6.83%Change
Market Price Closing
$31.98Market
$-2.30Change
-6.71%Change
Premium / Discount
$+0.08Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
CWEB NAV
-15.15
1.83
-8.10
-13.11
-59.14
-33.40
-23.26
1.28 / 1.28*
11/02/2016
CWEB Market Close
-14.93
1.95
-7.99
-12.93
-59.12
-33.37
-23.24
1.28 / 1.28*
11/02/2016

As of June 30, 2024

The Primary Listing Exchange is the NYSE Arca, Inc.

*The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.88%.  The Fund’s adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense Limitation Agreement with the Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse the Fund for Other Expenses through September 1, 2025, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the fund’s website at direxion.com.

Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.

Index Information

The CSI Overseas China Internet Index (H11137) is provided by China Securities Index Co., LTD (the “Index Provider”). 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, as defined by the Index Provider, and are listed outside of mainland China, including in Hong Kong. A China-based company is a company that meets at least one of the following criteria: 1) the company is incorporated in mainland China; 2) its headquarters are in mainland China; or 3) at least 50% of the revenue from goods produced or sold, or services performed in mainland China. The Index Provider then removes securities that during the past year had a daily average trading value of less than $3 million or a daily average market capitalization of less than $2 billion. One cannot invest directly in an Index.

Index Top Ten Holdings

% of Total
Tencent Holdings
9.73%
Alibaba Group
9.06%
Meituan
7.95%
Pdd Holdings Inc
6.61%
Netease Inc
5.95%
Trip.Com Group
5.31%
Tencent Music Entertainment Group
4.52%
Kanzhun
4.52%
JD.com
4.22%
Full Truck Alliance 20 Class A
4.18%

Index Sector Weightings

% of Total
Interactive Media & Services
23.92%
Broadline Retail
23.59%
Interactive Home Entertainment
9.83%
Restaurants
7.95%
Hotels, Resorts & Cruise Lines
7.41%
Movies & Entertainment
5.95%
Drug Retail
4.79%
Education Services
4.57%
Cargo Ground Transportation
4.18%
Real Estate Services
3.57%
Consumer Finance
2.32%
Publishing
1.01%
Multi-line Insurance
0.67%
Health Care Distributors
0.23%
Index data as of 03/31/2024. Index sector weightings and top holdings are subject to change.

View Daily Fund Holdings

Distributions

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital GainExpand
06/25/202406/25/202407/02/20240.15700
03/20/202403/19/202403/26/20240.13783
12/22/202312/21/202312/29/20230.46858
09/20/202309/19/202309/26/20230.17504
Record Date06/25/2024
Ex Date06/25/2024
Pay Date07/02/2024
Income Dividend0.15700
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/20/2024
Ex Date03/19/2024
Pay Date03/26/2024
Income Dividend0.13783
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.46858
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.17504
Short-Term Capital Gain
Long-Term Capital Gain

Documents

How to Trade

ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.

We strongly recommend that you take the time to educate yourself on how leveraged and inverse ETFs function and behave in various market conditions before you endeavor to trade them in your account. It’s always a good idea to consult a financial advisor or brokerage account representative if you have questions about any ETFs.

Please note, your advisor or broker may charge commissions or other transaction fees. If you have any questions specific to Direxion products, please contact us direct at [email protected] or 866-476-7523.

Operational Updates

Documents & Downloads

How to Trade

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