Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) Short Interest Update

Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 45,532 shares, a drop of 44.0% from the June 30th total of 81,329 shares. Based on an average trading volume of 233,505 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Direxion Daily Dow Jones Internet Bull 3x Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd boosted its holdings in Direxion Daily Dow Jones Internet Bull 3x Shares by 96.6% in the third quarter. Qube Research & Technologies Ltd now owns 1,158 shares of the company’s stock worth $37,000 after acquiring an additional 569 shares in the last quarter. Group One Trading LLC raised its position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares 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 position in Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter worth about $324,000. Two Sigma Securities LLC purchased a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares during the 2nd quarter valued at about $396,000. Finally, Virtu Financial LLC purchased a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares during the 4th quarter valued at about $382,000.

Direxion Daily Dow Jones Internet Bull 3x Shares Stock Performance

Shares of NYSEARCA WEBL traded up $1.88 during midday trading on Friday, hitting $25.33. 120,427 shares of the company traded hands, compared to its average volume of 316,542. The stock has a 50-day moving average price of $24.53 and a 200 day moving average price of $22.48. The firm has a market cap of $93.72 million, a P/E ratio of 26.56 and a beta of 3.63. Direxion Daily Dow Jones Internet Bull 3x Shares has a 12-month low of $14.90 and a 12-month high of $35.24.

Direxion Daily Dow Jones Internet Bull 3x Shares 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.