Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) Sees Large Increase in Short Interest

Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 96,131 shares, a growth of 520.8% from the May 31st total of 15,486 shares. Based on an average daily volume of 219,812 shares, the short-interest ratio is presently 0.4 days. Approximately 2.0% of the shares of the company are short sold.

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

Several hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter valued at about $526,000. Two Sigma Securities LLC acquired a new position in Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter valued at approximately $396,000. Tower Research Capital LLC TRC bought a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter worth approximately $324,000. Group One Trading LLC lifted its position in shares of 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 acquiring an additional 647 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Direxion Daily Dow Jones Internet Bull 3x Shares by 96.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,158 shares of the company’s stock worth $37,000 after purchasing an additional 569 shares in the last quarter.

Direxion Daily Dow Jones Internet Bull 3x Shares Trading Up 3.5%

NYSEARCA:WEBL traded up $0.72 during trading hours on Friday, hitting $21.49. 304,940 shares of the company traded hands, compared to its average volume of 336,180. The stock has a market capitalization of $103.15 million, a price-to-earnings ratio of 26.56 and a beta of 3.63. Direxion Daily Dow Jones Internet Bull 3x Shares has a twelve month low of $14.90 and a twelve month high of $35.24. The firm has a 50-day moving average of $24.54 and a 200 day moving average of $23.14.

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.