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 increase in short interest in January. As of January 30th, there was short interest totaling 112,566 shares, an increase of 67.3% from the January 15th total of 67,285 shares. Based on an average daily volume of 179,935 shares, the short-interest ratio is currently 0.6 days. Approximately 2.7% of the company’s stock are short sold. Approximately 2.7% of the company’s stock are short sold. Based on an average daily volume of 179,935 shares, the short-interest ratio is currently 0.6 days.

Direxion Daily Dow Jones Internet Bull 3x Shares Trading Up 2.5%

WEBL stock opened at $18.02 on Monday. Direxion Daily Dow Jones Internet Bull 3x Shares has a twelve month low of $11.67 and a twelve month high of $35.24. The company has a market capitalization of $74.78 million, a P/E ratio of 26.56 and a beta of 3.44. The firm has a 50 day simple moving average of $25.61 and a 200-day simple moving average of $29.02.

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

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

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.