Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS) Shares Up 1.1% – What’s Next?

Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS)’s share price were up 1.1% during trading on Tuesday . The stock traded as high as $20.77 and last traded at $20.48. Approximately 28,296 shares changed hands during trading, an increase of 7% from the average daily volume of 26,542 shares. The stock had previously closed at $20.25.

Direxion Daily Dow Jones Internet Bear 3x Shares Stock Up 1.1%

The stock’s 50 day moving average is $20.18 and its two-hundred day moving average is $19.62.

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

A hedge fund recently bought a new stake in Direxion Daily Dow Jones Internet Bear 3x Shares stock. Bank of America Corp DE acquired a new position in shares of Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 700 shares of the company’s stock, valued at approximately $25,000.

About Direxion Daily Dow Jones Internet Bear 3x Shares

The Direxion Daily Dow Jones Internet Bear 3X Shares (WEBS) is an exchange-traded fund that is based on the DJ Internet Composite index. The fund provides 3x daily inverse exposure to a market-cap-weighted index of the largest and most liquid U.S. Internet companies. WEBS was launched on Nov 7, 2019 and is managed by Direxion.