Short Interest in Direxion Daily Dow Jones Internet Bull 3X ETF (NYSEARCA:WEBL) Declines By 56.5%

Direxion Daily Dow Jones Internet Bull 3X ETF (NYSEARCA:WEBL) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 22,074 shares, a decrease of 56.5% from the August 15th total of 50,737 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 106,678 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Direxion Daily Dow Jones Internet Bull 3X ETF

Institutional investors have recently modified their holdings of the business. Virtu Financial LLC acquired a new position in Direxion Daily Dow Jones Internet Bull 3X ETF in the fourth quarter valued at approximately $382,000. Qube Research & Technologies Ltd raised its position in shares of Direxion Daily Dow Jones Internet Bull 3X ETF by 96.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,158 shares of the company’s stock worth $37,000 after purchasing an additional 569 shares during the period. Group One Trading LLC lifted its holdings in shares of Direxion Daily Dow Jones Internet Bull 3X ETF by 229.4% in the 3rd quarter. Group One Trading LLC now owns 929 shares of the company’s stock worth $30,000 after purchasing an additional 647 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Direxion Daily Dow Jones Internet Bull 3X ETF in the 2nd quarter worth approximately $324,000. Finally, Two Sigma Securities LLC acquired a new position in Direxion Daily Dow Jones Internet Bull 3X ETF during the 2nd quarter valued at approximately $396,000.

Direxion Daily Dow Jones Internet Bull 3X ETF Stock Up 3.5%

WEBL stock traded up $1.01 during trading on Monday, hitting $29.73. 35,883 shares of the company’s stock traded hands, compared to its average volume of 283,582. Direxion Daily Dow Jones Internet Bull 3X ETF has a 52 week low of $14.90 and a 52 week high of $35.24. The stock has a fifty day moving average price of $27.07 and a two-hundred day moving average price of $23.89. The stock has a market capitalization of $110.00 million, a price-to-earnings ratio of 26.56 and a beta of 3.64.

Direxion Daily Dow Jones Internet Bull 3X ETF 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.