Direxion Daily Dow Jones Internet Bull 3X ETF (NYSEARCA:WEBL) Stock Short Interest Jumps 134.9%

Direxion Daily Dow Jones Internet Bull 3X ETF (NYSEARCA:WEBL) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 51,861 shares, an increase of 134.9% from the August 31st total of 22,074 shares. Based on an average daily volume of 69,205 shares, the short-interest ratio is presently 0.7 days. Approximately 1.6% of the company’s stock are short sold.

Direxion Daily Dow Jones Internet Bull 3X ETF Trading Up 0.1%

WEBL opened at $27.55 on Tuesday. The company has a fifty day simple moving average of $27.95 and a 200 day simple moving average of $24.65. The firm has a market cap of $85.41 million, a price-to-earnings ratio of 26.56 and a beta of 3.64. Direxion Daily Dow Jones Internet Bull 3X ETF has a twelve month low of $14.90 and a twelve month high of $34.52.

About Direxion Daily Dow Jones Internet Bull 3X ETF

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.