Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL – Get Free Report) shares rose 1.9% during mid-day trading on Wednesday . The company traded as high as $24.46 and last traded at $24.20. Approximately 305,976 shares changed hands during trading, a decline of 13% from the average daily volume of 353,414 shares. The stock had previously closed at $23.75.
Direxion Daily Dow Jones Internet Bull 3x Shares Stock Up 1.9%
The company has a market cap of $117.37 million, a PE ratio of 26.56 and a beta of 3.55. The business’s 50 day moving average price is $19.12 and its 200-day moving average price is $24.84.
Institutional Trading of Direxion Daily Dow Jones Internet Bull 3x Shares
Hedge funds have recently made changes to their positions in the company. Group One Trading LLC raised its stake in shares of 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 valued at $30,000 after purchasing an additional 647 shares during the period. Qube Research & Technologies Ltd grew its position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares by 96.6% during 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. Tower Research Capital LLC TRC acquired a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter worth approximately $324,000. Two Sigma Securities LLC acquired a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter worth approximately $396,000. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the fourth quarter worth approximately $382,000.
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.
Further Reading
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