Short Interest in Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) Decreases By 41.3%

Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 55,388 shares, a decline of 41.3% from the December 15th total of 94,353 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average trading volume of 70,377 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 70,377 shares, the short-interest ratio is currently 0.8 days. Currently, 1.3% of the shares of the company are sold short.

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

A number of large investors have recently modified their holdings of the business. Jane Street Group LLC bought a new position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter worth $526,000. Two Sigma Securities LLC purchased a new position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter worth about $396,000. Tower Research Capital LLC TRC purchased a new position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the 2nd quarter valued at about $324,000. Group One Trading LLC lifted its position in Direxion Daily Dow Jones Internet Bull 3x Shares by 229.4% in the 3rd quarter. Group One Trading LLC now owns 929 shares of the company’s stock worth $30,000 after buying an additional 647 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in Direxion Daily Dow Jones Internet Bull 3x Shares by 96.6% in the third quarter. Qube Research & Technologies Ltd now owns 1,158 shares of the company’s stock worth $37,000 after buying an additional 569 shares in the last quarter.

Direxion Daily Dow Jones Internet Bull 3x Shares Price Performance

Shares of Direxion Daily Dow Jones Internet Bull 3x Shares stock traded up $0.60 on Thursday, reaching $26.12. 53,366 shares of the company traded hands, compared to its average volume of 99,687. The company has a 50 day moving average of $27.65 and a 200 day moving average of $30.03. Direxion Daily Dow Jones Internet Bull 3x Shares has a 52 week low of $11.67 and a 52 week high of $35.24. The firm has a market capitalization of $109.70 million, a PE ratio of 26.56 and a beta of 3.44.

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.