Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL – Get Free Report) shares dropped 3.5% during mid-day trading on Friday . The stock traded as low as $23.18 and last traded at $24.21. 175,561 shares were traded during trading, a decline of 46% from the average session volume of 327,075 shares. The stock had previously closed at $25.10.
Direxion Daily Dow Jones Internet Bull 3x Shares Trading Down 3.5%
The firm has a fifty day simple moving average of $24.80 and a 200 day simple moving average of $22.80. The stock has a market cap of $89.58 million, a price-to-earnings ratio of 26.56 and a beta of 3.63.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of WEBL. Jane Street Group LLC acquired a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter worth $526,000. Virtu Financial LLC acquired a new position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the 4th quarter valued at $382,000. Two Sigma Securities LLC acquired a new position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter valued at $396,000. Tower Research Capital LLC TRC bought a new position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the 2nd quarter worth about $324,000. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Direxion Daily Dow Jones Internet Bull 3x Shares by 96.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,158 shares of the company’s stock worth $37,000 after acquiring an additional 569 shares during the period.
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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