Direxion Daily Dow Jones Internet Bear 3X ETF (NYSEARCA:WEBS – Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 19,647 shares, a decline of 50.1% from the August 15th total of 39,410 shares. Based on an average daily trading volume, of 43,946 shares, the short-interest ratio is presently 0.4 days. Currently, 4.4% of the company’s shares are sold short.
Direxion Daily Dow Jones Internet Bear 3X ETF Price Performance
WEBS traded up $0.18 during trading on Wednesday, reaching $14.57. 15,584 shares of the company’s stock were exchanged, compared to its average volume of 76,894. The company’s fifty day moving average price is $15.90 and its 200-day moving average price is $19.91. Direxion Daily Dow Jones Internet Bear 3X ETF has a fifty-two week low of $13.38 and a fifty-two week high of $33.25.
Institutional Investors Weigh In On Direxion Daily Dow Jones Internet Bear 3X ETF
An institutional investor recently raised its position in Direxion Daily Dow Jones Internet Bear 3X ETF stock. Citadel Advisors LLC boosted its stake in Direxion Daily Dow Jones Internet Bear 3X ETF (NYSEARCA:WEBS – Free Report) by 40.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,673 shares of the company’s stock after purchasing an additional 9,191 shares during the quarter. Citadel Advisors LLC owned about 7.04% of Direxion Daily Dow Jones Internet Bear 3X ETF worth $614,000 as of its most recent SEC filing.
About Direxion Daily Dow Jones Internet Bear 3X ETF
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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