Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) Stock Price Down 4%

Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL)’s stock price fell 4% during mid-day trading on Thursday . The company traded as low as $14.83 and last traded at $16.04. 766,333 shares changed hands during trading, an increase of 1% from the average session volume of 755,104 shares. The stock had previously closed at $16.71.

Daily Dow Jones Internet Bull 3X Shares Price Performance

The stock’s 50 day simple moving average is $18.19 and its 200-day simple moving average is $14.99. The company has a market capitalization of $155.59 million, a PE ratio of 68.57 and a beta of 4.35.

Institutional Trading of Daily Dow Jones Internet Bull 3X Shares

A hedge fund recently bought a new stake in Daily Dow Jones Internet Bull 3X Shares stock. Pathstone Family Office LLC bought a new position in shares of Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,705 shares of the company’s stock, valued at approximately $342,000. Pathstone Family Office LLC owned 0.24% of Daily Dow Jones Internet Bull 3X Shares as of its most recent filing with the Securities and Exchange Commission (SEC).

About Daily Dow Jones Internet Bull 3X Shares

The Direxion Daily Dow Jones Internet Bull 3X Shares (WEBL) is an exchange-traded fund that is based on the DJ Internet Composite index. The fund provides 3x leveraged daily exposure to a market-cap-weighted index of the largest and most liquid U.S. Internet companies. WEBL was launched on Nov 7, 2019 and is managed by Direxion.