Direxion Daily Dow Jones Internet Bear 3X ETF (NYSEARCA:WEBS) Stock Short Interest Climbs 88.2%

Direxion Daily Dow Jones Internet Bear 3X ETF (NYSEARCA:WEBS) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 36,980 shares, a growth of 88.2% from the August 31st total of 19,647 shares. Approximately 7.4% of the shares of the stock are sold short. Based on an average trading volume of 60,688 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds 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 grew its position in shares of Direxion Daily Dow Jones Internet Bear 3X ETF (NYSEARCA:WEBS) by 40.9% during the 2nd quarter, according to its most recent 13F filing 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 approximately 7.04% of Direxion Daily Dow Jones Internet Bear 3X ETF worth $614,000 as of its most recent SEC filing.

Direxion Daily Dow Jones Internet Bear 3X ETF Trading Up 6.1%

Shares of Direxion Daily Dow Jones Internet Bear 3X ETF stock opened at $14.71 on Tuesday. Direxion Daily Dow Jones Internet Bear 3X ETF has a 1 year low of $12.88 and a 1 year high of $33.25. The company has a 50 day simple moving average of $15.28 and a two-hundred day simple moving average of $19.15.

Direxion Daily Dow Jones Internet Bear 3X ETF 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.