Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL – Get Free Report) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 15,486 shares, a decrease of 60.5% from the May 14th total of 39,173 shares. Based on an average trading volume of 198,023 shares, the short-interest ratio is currently 0.1 days. Currently, 0.3% of the company’s stock are sold short.
Direxion Daily Dow Jones Internet Bull 3x Shares Stock Performance
Direxion Daily Dow Jones Internet Bull 3x Shares stock traded down $0.21 during midday trading on Friday, hitting $23.28. 266,345 shares of the company’s stock were exchanged, compared to its average volume of 327,224. Direxion Daily Dow Jones Internet Bull 3x Shares has a 12 month low of $14.90 and a 12 month high of $35.24. The firm has a 50-day moving average of $23.86 and a two-hundred day moving average of $23.49. The company has a market cap of $111.74 million, a PE ratio of 26.56 and a beta of 3.63.
Institutional Trading of Direxion Daily Dow Jones Internet Bull 3x Shares
A number of institutional investors have recently bought and sold shares of the stock. Group One Trading LLC lifted its stake in Direxion Daily Dow Jones Internet Bull 3x Shares by 229.4% during the 3rd quarter. Group One Trading LLC now owns 929 shares of the company’s stock valued at $30,000 after acquiring an additional 647 shares during the period. Qube Research & Technologies Ltd lifted its stake in 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 valued at $37,000 after acquiring an additional 569 shares during the period. Tower Research Capital LLC TRC acquired a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares during the 2nd quarter valued at approximately $324,000. Virtu Financial LLC acquired a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares during the 4th quarter valued at approximately $382,000. Finally, Two Sigma Securities LLC acquired a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares during the 2nd quarter valued at approximately $396,000.
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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