Direxion Daily Dow Jones Internet Bull 3X ETF (NYSEARCA:WEBL) Short Interest Update

Direxion Daily Dow Jones Internet Bull 3X ETF (NYSEARCA:WEBL) was the target of a significant increase in short interest in the month of 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. Currently, 1.6% of the shares of the stock are sold short. Based on an average trading volume of 69,205 shares, the days-to-cover ratio is currently 0.7 days.

Direxion Daily Dow Jones Internet Bull 3X ETF Price Performance

Shares of Direxion Daily Dow Jones Internet Bull 3X ETF stock traded down $0.28 during midday trading on Friday, hitting $29.28. 36,530 shares of the company were exchanged, compared to its average volume of 272,936. The firm has a 50 day simple moving average of $27.89 and a 200-day simple moving average of $24.59. The firm has a market cap of $90.77 million, a P/E ratio of 26.56 and a beta of 3.64. Direxion Daily Dow Jones Internet Bull 3X ETF has a 52 week low of $14.90 and a 52 week 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.