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 during the month of July. As of July 31st, there was short interest totaling 107,298 shares, an increase of 135.7% from the July 15th total of 45,532 shares. Based on an average daily volume of 173,762 shares, the days-to-cover ratio is currently 0.6 days. Currently, 2.9% of the shares of the stock are sold short.

Direxion Daily Dow Jones Internet Bull 3x Shares Stock Performance

Shares of NYSEARCA:WEBL traded down $1.26 during midday trading on Friday, hitting $29.86. The company’s stock had a trading volume of 83,711 shares, compared to its average volume of 308,941. The business’s 50 day simple moving average is $24.82 and its 200 day simple moving average is $22.79. The company has a market cap of $110.48 million, a P/E ratio of 26.56 and a beta of 3.62. Direxion Daily Dow Jones Internet Bull 3x Shares has a 12-month low of $14.90 and a 12-month high of $35.24.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WEBL. Jane Street Group LLC purchased a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the second quarter valued at approximately $526,000. Two Sigma Securities LLC acquired a new position in Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter worth $396,000. Tower Research Capital LLC TRC acquired a new position in Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter worth $324,000. Group One Trading LLC boosted 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 buying an additional 647 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in 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 valued at $37,000 after buying an additional 569 shares in the last quarter.

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.