Direxion Daily Dow Jones Internet Bear 3X ETF (NYSEARCA:WEBS) Shares Up 0.8% – Time to Buy?

Shares of Direxion Daily Dow Jones Internet Bear 3X ETF (NYSEARCA:WEBS) rose 0.8% on Tuesday. The stock traded as high as $17.74 and last traded at $17.18. 17,054 shares were traded during mid-day trading, a decline of 75% from the average session volume of 69,425 shares. The stock had previously closed at $17.04.

Direxion Daily Dow Jones Internet Bear 3X ETF Stock Up 0.1%

The stock has a fifty day moving average price of $14.85 and a 200-day moving average price of $19.53.

Institutional Trading of Direxion Daily Dow Jones Internet Bear 3X ETF

An institutional investor recently raised its position in Direxion Daily Dow Jones Internet Bear 3X ETF stock. Citadel Advisors LLC boosted its stake in shares of Direxion Daily Dow Jones Internet Bear 3X ETF (NYSEARCA:WEBS) by 40.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,673 shares of the company’s stock after acquiring an additional 9,191 shares during the quarter. Citadel Advisors LLC owned 7.04% of Direxion Daily Dow Jones Internet Bear 3X ETF worth $614,000 as of its most recent SEC filing.

About Direxion Daily Dow Jones Internet Bear 3X ETF

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.