Shares of Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS – Get Free Report) traded down 1% during mid-day trading on Wednesday . The company traded as low as $13.90 and last traded at $14.24. 34,984 shares were traded during trading, a decline of 57% from the average session volume of 81,122 shares. The stock had previously closed at $14.39.
Direxion Daily Dow Jones Internet Bear 3x Shares Trading Up 3.8%
The company has a 50-day moving average of $18.13 and a two-hundred day moving average of $21.77.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Direxion Daily Dow Jones Internet Bear 3x Shares stock. Bank of America Corp DE bought a new position in Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 700 shares of the company’s stock, valued at approximately $25,000.
About Direxion Daily Dow Jones Internet Bear 3x Shares
The Direxion Daily Dow Jones Internet Bear 3X Shares (WEBS) is an exchange-traded fund that is based on the DJ Internet Composite index. The fund provides 3x daily inverse exposure to a market-cap-weighted index of the largest and most liquid U.S. Internet companies. WEBS was launched on Nov 7, 2019 and is managed by Direxion.
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