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 decrease in short interest in August. As of August 14th, there was short interest totaling 50,737 shares, a decrease of 52.7% from the July 30th total of 107,298 shares. Currently, 1.4% of the company’s stock are sold short. Based on an average trading volume of 194,637 shares, the days-to-cover ratio is currently 0.3 days.

Direxion Daily Dow Jones Internet Bull 3x Shares Trading Up 0.7%

WEBL traded up $0.20 during trading on Friday, hitting $30.59. The stock had a trading volume of 151,898 shares, compared to its average volume of 296,641. 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 company has a 50 day simple moving average of $25.78 and a 200-day simple moving average of $23.13. The firm has a market cap of $113.18 million, a PE ratio of 26.56 and a beta of 3.62.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the 2nd quarter valued at about $526,000. Two Sigma Securities LLC acquired a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter valued at approximately $396,000. Tower Research Capital LLC TRC bought a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter valued at approximately $324,000. Group One Trading LLC grew its stake 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 valued at $30,000 after purchasing an additional 647 shares during the period. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Direxion Daily Dow Jones Internet Bull 3x Shares by 96.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,158 shares of the company’s stock worth $37,000 after buying an additional 569 shares in the last quarter.

About Direxion Daily Dow Jones Internet Bull 3x Shares

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.