Shares of Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL – Get Free Report) were up 2.5% on Wednesday . The stock traded as high as $17.75 and last traded at $17.24. Approximately 453,580 shares changed hands during mid-day trading, an increase of 38% from the average daily volume of 328,937 shares. The stock had previously closed at $16.82.
Direxion Daily Dow Jones Internet Bull 3x Shares Price Performance
The firm has a market capitalization of $71.55 million, a PE ratio of 26.56 and a beta of 3.44. The business’s 50-day moving average price is $19.87 and its 200-day moving average price is $26.16.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Group One Trading LLC grew its position in Direxion Daily Dow Jones Internet Bull 3x Shares by 229.4% during 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. Qube Research & Technologies Ltd raised its holdings 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 last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the second quarter valued at about $324,000. Two Sigma Securities LLC acquired a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter worth about $396,000. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the fourth quarter worth about $382,000.
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.
Further Reading
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