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

Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 284,343 shares, a growth of 152.6% from the January 29th total of 112,566 shares. Currently, 6.9% of the shares of the stock are short sold. Based on an average daily volume of 358,985 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 358,985 shares, the days-to-cover ratio is currently 0.8 days. Currently, 6.9% of the shares of the stock are short sold.

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

Hedge funds have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares during the 2nd quarter worth $526,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the fourth quarter valued at about $382,000. Two Sigma Securities LLC bought a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter worth about $396,000. Tower Research Capital LLC TRC bought a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter worth about $324,000. Finally, Qube Research & Technologies Ltd increased its stake in shares of 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 valued at $37,000 after buying an additional 569 shares during the period.

Direxion Daily Dow Jones Internet Bull 3x Shares Price Performance

Shares of NYSEARCA:WEBL opened at $19.09 on Friday. Direxion Daily Dow Jones Internet Bull 3x Shares has a one year low of $11.67 and a one year high of $35.24. The company has a market cap of $79.22 million, a price-to-earnings ratio of 26.56 and a beta of 3.44. The firm has a 50 day simple moving average of $23.86 and a 200 day simple moving average of $28.29.

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.