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Benzinga
Benzinga
Business
Melanie Schaffer

Bullish On China-Based Internet Stocks? This ETF Offers 3X Leverage

Internet China ETF

Direxion Daily CSI China Internet Index Bull 2x Shares (NYSE:CWEB) closed down 1.62% on Thursday in consolidation. Consolidation can be determined by looking at volume on a security, which in this case was lower than average.

CWEB reversed into an uptrend on May 25 and has been gradually grinding higher since that date.

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