Short Interest in Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) Expands By 520.8%

Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 96,131 shares, an increase of 520.8% from the May 31st total of 15,486 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average daily trading volume, of 219,812 shares, the short-interest ratio is currently 0.4 days.

Direxion Daily Dow Jones Internet Bull 3x Shares Price Performance

Shares of WEBL traded up $0.72 during trading hours on Friday, reaching $21.49. 304,940 shares of the company’s stock traded hands, compared to its average volume of 336,180. The firm has a market capitalization of $103.15 million, a price-to-earnings ratio of 26.56 and a beta of 3.63. Direxion Daily Dow Jones Internet Bull 3x Shares has a twelve month low of $14.90 and a twelve month high of $35.24. The business’s fifty day simple moving average is $24.54 and its two-hundred day simple moving average is $23.14.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Group One Trading LLC boosted its stake in shares of 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 acquiring an additional 647 shares in the last quarter. Qube Research & Technologies Ltd increased 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. Tower Research Capital LLC TRC purchased a new position in Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter worth about $324,000. Virtu Financial LLC acquired a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares during the 4th quarter worth about $382,000. Finally, Two Sigma Securities LLC purchased a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter valued at about $396,000.

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.