Direxion Daily Dow Jones Internet Bear 3X ETF (NYSEARCA:WEBS) Shares Shorted: Short Interest Up 88.2% in September

Direxion Daily Dow Jones Internet Bear 3X ETF (NYSEARCA:WEBS) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 36,980 shares, a growth of 88.2% from the August 31st total of 19,647 shares. Approximately 7.4% of the company’s shares are short sold. Based on an average daily volume of 60,688 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Direxion Daily Dow Jones Internet Bear 3X ETF

A hedge fund recently raised its position in Direxion Daily Dow Jones Internet Bear 3X ETF stock. Citadel Advisors LLC lifted its position in Direxion Daily Dow Jones Internet Bear 3X ETF (NYSEARCA:WEBS) by 40.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,673 shares of the company’s stock after buying an additional 9,191 shares during the period. Citadel Advisors LLC owned approximately 7.04% of Direxion Daily Dow Jones Internet Bear 3X ETF worth $614,000 as of its most recent SEC filing.

Direxion Daily Dow Jones Internet Bear 3X ETF Trading Down 2.5%

Shares of NYSEARCA WEBS traded down $0.36 during mid-day trading on Wednesday, reaching $14.06. The company had a trading volume of 28,390 shares, compared to its average volume of 74,275. The business’s 50-day moving average is $15.21 and its 200-day moving average is $19.07. Direxion Daily Dow Jones Internet Bear 3X ETF has a 52 week low of $12.88 and a 52 week high of $33.25.

Direxion Daily Dow Jones Internet Bear 3X ETF 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.