Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL – Get Free Report) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 96,131 shares, a growth of 520.8% from the May 31st total of 15,486 shares. Based on an average daily trading volume, of 219,812 shares, the short-interest ratio is currently 0.4 days. Approximately 2.0% of the shares of the company are sold short.
Institutional Investors Weigh In On Direxion Daily Dow Jones Internet Bull 3x Shares
Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter worth approximately $526,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the 4th quarter valued at $382,000. Two Sigma Securities LLC bought a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the 2nd quarter worth $396,000. Tower Research Capital LLC TRC acquired a new position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter worth $324,000. Finally, Group One Trading LLC raised its position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares by 229.4% during the third quarter. Group One Trading LLC now owns 929 shares of the company’s stock worth $30,000 after purchasing an additional 647 shares during the period.
Direxion Daily Dow Jones Internet Bull 3x Shares Trading Up 4.4%
Direxion Daily Dow Jones Internet Bull 3x Shares stock traded up $0.91 during midday trading on Friday, reaching $21.68. 187,976 shares of the stock traded hands, compared to its average volume of 334,916. Direxion Daily Dow Jones Internet Bull 3x Shares has a fifty-two week low of $14.90 and a fifty-two week high of $35.24. The firm has a market cap of $104.06 million, a price-to-earnings ratio of 26.56 and a beta of 3.63. The firm has a fifty day moving average price of $24.56 and a two-hundred day moving average price of $23.15.
About Direxion 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.
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