Direxion Daily Dow Jones Internet Bull 3X ETF (NYSEARCA:WEBL) Shares Up 3.8% – Still a Buy?

Direxion Daily Dow Jones Internet Bull 3X ETF (NYSEARCA:WEBL – Get Free Report)’s share price traded up 3.8% during mid-day trading on Monday. The stock traded as high as $27.86 and last traded at $27.62. 60,885 shares changed hands during trading, a decline of 76% from the average daily volume of 255,649 shares. The stock had previously closed at $26.61.

Direxion Daily Dow Jones Internet Bull 3X ETF Stock Performance

The company has a market capitalization of $84.24 million, a P/E ratio of 26.56 and a beta of 3.66. The stock has a 50 day moving average price of $29.20 and a 200 day moving average price of $25.86.

Direxion Daily Dow Jones Internet Bull 3X ETF Company Profile

(Get Free Report)

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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