Short Interest in Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) Expands By 520.8%

Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 96,131 shares, a growth of 520.8% from the May 31st total of 15,486 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily volume of 219,812 shares, the short-interest ratio is currently 0.4 days.

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

Several large investors have recently modified their holdings of WEBL. Group One Trading LLC lifted its holdings 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 worth $30,000 after buying an additional 647 shares during the last quarter. Qube Research & Technologies Ltd grew its position in shares of 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 buying an additional 569 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter worth about $324,000. Two Sigma Securities LLC bought a new position in Direxion Daily Dow Jones Internet Bull 3x Shares in the second quarter worth about $396,000. Finally, Virtu Financial LLC acquired a new position in Direxion Daily Dow Jones Internet Bull 3x Shares in the fourth quarter valued at approximately $382,000.

Direxion Daily Dow Jones Internet Bull 3x Shares Price Performance

WEBL traded up $0.91 during trading hours on Friday, reaching $21.68. 187,976 shares of the stock traded hands, compared to its average volume of 334,916. The firm’s fifty day simple moving average is $24.56 and its two-hundred day simple moving average is $23.15. The company has a market cap of $104.06 million, a price-to-earnings ratio of 26.56 and a beta of 3.63. Direxion Daily Dow Jones Internet Bull 3x Shares has a fifty-two week low of $14.90 and a fifty-two week high of $35.24.

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.