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 drop in short interest in July. As of July 15th, there was short interest totaling 45,532 shares, a drop of 44.0% from the June 30th total of 81,329 shares. Based on an average daily trading volume, of 233,505 shares, the short-interest ratio is currently 0.2 days. Approximately 1.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Direxion Daily Dow Jones Internet Bull 3x Shares

Several large investors have recently modified their holdings of the stock. Qube Research & Technologies Ltd boosted its stake in Direxion Daily Dow Jones Internet Bull 3x Shares by 96.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,158 shares of the company’s stock worth $37,000 after purchasing an additional 569 shares in the last quarter. Group One Trading LLC increased its stake 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 valued at $30,000 after purchasing an additional 647 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Direxion Daily Dow Jones Internet Bull 3x Shares in the second quarter worth about $324,000. Two Sigma Securities LLC purchased a new position in Direxion Daily Dow Jones Internet Bull 3x Shares in the second quarter worth about $396,000. Finally, Virtu Financial LLC purchased a new position in Direxion Daily Dow Jones Internet Bull 3x Shares in the fourth quarter worth about $382,000.

Direxion Daily Dow Jones Internet Bull 3x Shares Trading Up 0.4%

NYSEARCA:WEBL traded up $0.10 during trading hours on Thursday, reaching $23.50. 174,561 shares of the company traded hands, compared to its average volume of 317,785. The business’s 50-day moving average price is $24.57 and its two-hundred day moving average price is $22.51. Direxion Daily Dow Jones Internet Bull 3x Shares has a 1 year low of $14.90 and a 1 year high of $35.24. The stock has a market capitalization of $86.95 million, a P/E ratio of 26.56 and a beta of 3.63.

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.