Short Interest in Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS) Declines By 55.3%

Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 15,776 shares, a decline of 55.3% from the July 15th total of 35,255 shares. Based on an average trading volume of 43,535 shares, the short-interest ratio is presently 0.4 days. Approximately 3.5% of the company’s stock are sold short.

Hedge Funds Weigh In On Direxion Daily Dow Jones Internet Bear 3x Shares

A hedge fund recently bought a new stake in Direxion Daily Dow Jones Internet Bear 3x Shares stock. Bank of America Corp DE bought a new stake in Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 700 shares of the company’s stock, valued at approximately $25,000.

Direxion Daily Dow Jones Internet Bear 3x Shares Stock Up 4.5%

NYSEARCA WEBS traded up $0.64 on Monday, hitting $14.85. 38,086 shares of the company were exchanged, compared to its average volume of 80,405. Direxion Daily Dow Jones Internet Bear 3x Shares has a 12 month low of $13.64 and a 12 month high of $33.25. The stock has a fifty day moving average of $18.05 and a 200-day moving average of $21.72.

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.