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

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

Direxion Daily Dow Jones Internet Bull 3X ETF Stock Performance

Shares of NYSEARCA:WEBL traded down $0.65 during midday trading on Tuesday, hitting $29.18. 70,109 shares of the company’s stock traded hands, compared to its average volume of 282,444. The firm’s fifty day moving average price is $27.18 and its two-hundred day moving average price is $23.98. Direxion Daily Dow Jones Internet Bull 3X ETF has a twelve month low of $14.90 and a twelve month high of $35.24. The company has a market cap of $107.97 million, a PE ratio of 26.56 and a beta of 3.64.

About Direxion Daily Dow Jones Internet Bull 3X ETF

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.