Daily Dow Jones Internet Bear 3X Shares Stock Scheduled to Reverse Split on Monday, November 4th (NYSEARCA:WEBS)

Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS)’s stock is going to reverse split on the morning of Monday, November 4th. The 1-10 reverse split was announced on Friday, October 11th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, October 31st.

Daily Dow Jones Internet Bear 3X Shares Price Performance

WEBS stock opened at $4.79 on Friday. The company’s 50-day moving average price is $56.09 and its 200 day moving average price is $63.71. Daily Dow Jones Internet Bear 3X Shares has a 52 week low of $4.65 and a 52 week high of $15.38.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Daily Dow Jones Internet Bear 3X Shares stock. Virtu Financial LLC acquired a new stake in Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,316 shares of the company’s stock, valued at approximately $309,000. Virtu Financial LLC owned approximately 1.72% of Daily Dow Jones Internet Bear 3X Shares as of its most recent SEC filing.

About Daily Dow Jones Internet Bear 3X Shares

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.