Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) Trading Up 7.5% After Dividend Announcement

Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL)’s share price were up 7.5% on Monday following a dividend announcement from the company. The stock traded as high as $23.10 and last traded at $22.99. Approximately 283,188 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 415,409 shares. The stock had previously closed at $21.38.

The newly announced dividend which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be given a $0.0246 dividend. The ex-dividend date is Tuesday, March 25th.

Daily Dow Jones Internet Bull 3X Shares Trading Down 6.5 %

The firm has a market capitalization of $126.50 million, a price-to-earnings ratio of 25.46 and a beta of 3.56. The company has a fifty day moving average price of $28.03 and a 200-day moving average price of $25.21.

Institutional Trading of Daily Dow Jones Internet Bull 3X Shares

Several large investors have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC acquired a new stake in shares of Daily Dow Jones Internet Bull 3X Shares in the 4th quarter valued at $696,000. Summit Trail Advisors LLC bought a new position in Daily Dow Jones Internet Bull 3X Shares during the fourth quarter valued at about $322,000. SBI Securities Co. Ltd. acquired a new stake in shares of Daily Dow Jones Internet Bull 3X Shares in the fourth quarter worth about $1,364,000. X Square Capital LLC bought a new stake in shares of Daily Dow Jones Internet Bull 3X Shares during the 4th quarter worth about $402,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Daily Dow Jones Internet Bull 3X Shares during the 4th quarter valued at about $500,000.

Daily Dow Jones Internet Bull 3X Shares Company Profile

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.