Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 39,410 shares, an increase of 149.8% from the July 30th total of 15,776 shares. Currently, 8.8% of the shares of the company are sold short. Based on an average daily volume of 81,256 shares, the days-to-cover ratio is presently 0.5 days.
Institutional Investors Weigh In On Direxion Daily Dow Jones Internet Bear 3x Shares
An institutional investor recently bought a new stake in Direxion Daily Dow Jones Internet Bear 3x Shares stock. Bank of America Corp DE bought a new position in shares of Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 700 shares of the company’s stock, valued at approximately $25,000.
Direxion Daily Dow Jones Internet Bear 3x Shares Trading Down 0.9%
Shares of NYSEARCA:WEBS opened at $13.70 on Friday. Direxion Daily Dow Jones Internet Bear 3x Shares has a twelve month low of $13.60 and a twelve month high of $33.25. The company has a 50-day moving average price of $17.26 and a two-hundred day moving average price of $21.19.
Direxion Daily Dow Jones Internet Bear 3x Shares Company Profile
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.
Featured Stories
- Five stocks we like better than Direxion Daily Dow Jones Internet Bear 3x Shares
- Intuit’s Earnings Reset May Be More Pivot Than Plunge
- Salesforce Turns the Corner as AI Fears Start to Fade
- Could Falling Yields Make REIT Stocks Worth a Second Look?
- CrowdStrike’s “Mythos Moment” Tests the Bigger AI Security Trade
Receive News & Ratings for Direxion Daily Dow Jones Internet Bear 3x Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Dow Jones Internet Bear 3x Shares and related companies with MarketBeat.com's FREE daily email newsletter.
