Short Interest in Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) Decreases By 60.5%

Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 15,486 shares, a decline of 60.5% from the May 14th total of 39,173 shares. Based on an average daily volume of 198,023 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Trading of Direxion Daily Dow Jones Internet Bull 3x Shares

Several institutional investors have recently added to or reduced their stakes in WEBL. Group One Trading LLC increased its stake in Direxion Daily Dow Jones Internet Bull 3x Shares by 229.4% during the third quarter. Group One Trading LLC now owns 929 shares of the company’s stock valued at $30,000 after purchasing an additional 647 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in Direxion Daily Dow Jones Internet Bull 3x Shares by 96.6% during the third quarter. Qube Research & Technologies Ltd now owns 1,158 shares of the company’s stock valued at $37,000 after purchasing an additional 569 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter valued at $324,000. Virtu Financial LLC bought a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares during the fourth quarter valued at $382,000. Finally, Two Sigma Securities LLC bought a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter valued at $396,000.

Direxion Daily Dow Jones Internet Bull 3x Shares Stock Down 0.9%

WEBL stock traded down $0.21 during trading on Friday, hitting $23.28. 266,345 shares of the company’s stock traded hands, compared to its average volume of 327,224. Direxion Daily Dow Jones Internet Bull 3x Shares has a 52 week low of $14.90 and a 52 week high of $35.24. The stock has a fifty day moving average price of $23.86 and a two-hundred day moving average price of $23.49. The stock has a market capitalization of $111.74 million, a price-to-earnings ratio of 26.56 and a beta of 3.63.

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.