Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS) Sees Large Decrease in Short Interest

Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 15,776 shares, a decline of 55.3% from the July 15th total of 35,255 shares. Based on an average daily volume of 43,535 shares, the short-interest ratio is presently 0.4 days. Approximately 3.5% of the company’s shares are sold short.

Hedge Funds Weigh In On Direxion Daily Dow Jones Internet Bear 3x Shares

A hedge fund recently bought a new stake in Direxion Daily Dow Jones Internet Bear 3x Shares stock. Bank of America Corp DE purchased a new position in Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 700 shares of the company’s stock, valued at approximately $25,000.

Direxion Daily Dow Jones Internet Bear 3x Shares Trading Up 4.0%

NYSEARCA WEBS traded up $0.55 on Friday, hitting $14.21. The company’s stock had a trading volume of 20,438 shares, compared to its average volume of 80,679. Direxion Daily Dow Jones Internet Bear 3x Shares has a 52-week low of $13.64 and a 52-week high of $33.25. The company’s 50-day simple moving average is $18.05 and its 200 day simple moving average is $21.71.

Direxion Daily Dow Jones Internet Bear 3x Shares Company Profile

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.