Short Interest in Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) Decreases By 41.3%

Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 55,388 shares, a decrease of 41.3% from the December 15th total of 94,353 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 70,377 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 70,377 shares, the short-interest ratio is presently 0.8 days. Currently, 1.3% of the shares of the stock are short sold.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Group One Trading LLC grew its holdings in Direxion Daily Dow Jones Internet Bull 3x Shares by 229.4% in the third quarter. Group One Trading LLC now owns 929 shares of the company’s stock valued at $30,000 after purchasing an additional 647 shares during the last quarter. Qube Research & Technologies Ltd raised 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 worth $37,000 after purchasing an additional 569 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter valued at approximately $324,000. Two Sigma Securities LLC purchased a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the second quarter valued at $396,000. Finally, Jane Street Group LLC acquired a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter valued at $526,000.

Direxion Daily Dow Jones Internet Bull 3x Shares Price Performance

Shares of NYSEARCA:WEBL traded down $0.68 during midday trading on Friday, hitting $24.95. The company had a trading volume of 89,560 shares, compared to its average volume of 102,123. The stock has a market cap of $104.79 million, a price-to-earnings ratio of 26.56 and a beta of 3.44. Direxion Daily Dow Jones Internet Bull 3x Shares has a twelve month low of $11.67 and a twelve month high of $35.24. The business’s 50-day simple moving average is $27.51 and its 200-day simple moving average is $29.96.

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.