Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) Short Interest Down 52.7% in August

Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 50,737 shares, a decline of 52.7% from the July 30th total of 107,298 shares. Based on an average daily volume of 194,637 shares, the short-interest ratio is presently 0.3 days. Currently, 1.4% of the shares of the stock are sold short.

Institutional Trading of Direxion Daily Dow Jones Internet Bull 3x Shares

Several large investors have recently added to or reduced their stakes in WEBL. 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. Qube Research & Technologies Ltd raised its stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares by 96.6% in the third quarter. Qube Research & Technologies Ltd now owns 1,158 shares of the company’s stock valued at $37,000 after acquiring an additional 569 shares during the last quarter. Group One Trading LLC boosted its holdings 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 in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter worth approximately $324,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter worth approximately $396,000.

Direxion Daily Dow Jones Internet Bull 3x Shares Price Performance

Shares of WEBL traded down $0.62 during trading hours on Monday, hitting $29.97. The stock had a trading volume of 113,034 shares, compared to its average volume of 295,535. The stock has a market capitalization of $110.89 million, a price-to-earnings ratio of 26.56 and a beta of 3.62. The company’s fifty day moving average is $25.78 and its two-hundred day moving average is $23.15. Direxion Daily Dow Jones Internet Bull 3x Shares has a 52 week low of $14.90 and a 52 week high of $35.24.

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.