Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) Short Interest Down 60.5% in May

Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 15,486 shares, a decline of 60.5% from the May 14th total of 39,173 shares. Based on an average trading volume of 198,023 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the shares of the company are short sold.

Direxion Daily Dow Jones Internet Bull 3x Shares Stock Performance

NYSEARCA WEBL traded down $0.21 during trading on Friday, hitting $23.28. 266,345 shares of the company’s stock traded hands, compared to its average volume of 327,224. The stock has a market capitalization of $111.74 million, a price-to-earnings ratio of 26.56 and a beta of 3.63. Direxion Daily Dow Jones Internet Bull 3x Shares has a 12-month low of $14.90 and a 12-month high of $35.24. The business has a 50 day moving average of $23.74 and a 200-day moving average of $23.49.

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

Institutional investors have recently modified their holdings of the business. Group One Trading LLC boosted its holdings in 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 buying an additional 647 shares during the period. Qube Research & Technologies Ltd raised its holdings in Direxion Daily Dow Jones Internet Bull 3x Shares by 96.6% during the 3rd 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 period. Tower Research Capital LLC TRC purchased a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter worth $324,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the fourth quarter worth $382,000. Finally, Two Sigma Securities LLC bought a new position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the second quarter worth $396,000.

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.