Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS – Get Free Report) traded up 5.5% on Wednesday . The stock traded as high as $19.31 and last traded at $19.27. 24,888 shares traded hands during trading, a decline of 70% from the average session volume of 82,166 shares. The stock had previously closed at $18.26.
Direxion Daily Dow Jones Internet Bear 3x Shares Price Performance
The business has a 50-day simple moving average of $18.50 and a 200-day simple moving average of $22.29.
Institutional Trading of Direxion Daily Dow Jones Internet Bear 3x Shares
A hedge fund recently bought a new position in Direxion Daily Dow Jones Internet Bear 3x Shares stock. Bank of America Corp DE purchased a new position in Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 700 shares of the company’s stock, valued at approximately $25,000.
About Direxion Daily Dow Jones Internet Bear 3x Shares
The Direxion Daily Dow Jones Internet Bear 3X Shares (WEBS) is an exchange-traded fund that is based on the DJ Internet Composite index. The fund provides 3x daily inverse exposure to a market-cap-weighted index of the largest and most liquid U.S. Internet companies. WEBS was launched on Nov 7, 2019 and is managed by Direxion.
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