Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS) Short Interest Up 149.8% in August

Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 39,410 shares, an increase of 149.8% from the July 30th total of 15,776 shares. Based on an average daily volume of 81,256 shares, the short-interest ratio is presently 0.5 days. Currently, 8.8% of the company’s shares are short sold.

Direxion Daily Dow Jones Internet Bear 3x Shares Trading Down 0.3%

NYSEARCA:WEBS opened at $13.79 on Friday. Direxion Daily Dow Jones Internet Bear 3x Shares has a twelve month low of $13.38 and a twelve month high of $33.25. The stock has a fifty day simple moving average of $17.15 and a 200-day simple moving average of $21.14.

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

An institutional investor recently raised its stake in Direxion Daily Dow Jones Internet Bear 3x Shares stock. Tower Research Capital LLC TRC grew its stake in shares of Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS) by 96.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,350 shares of the company’s stock after acquiring an additional 23,795 shares during the period. Tower Research Capital LLC TRC owned about 10.74% of Direxion Daily Dow Jones Internet Bear 3x Shares worth $1,001,000 at the end of the most recent quarter.

About Direxion 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.