Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) Shares Up 1.4% – Here’s What Happened

Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL)’s stock price were up 1.4% during mid-day trading on Friday . The stock traded as high as $29.37 and last traded at $28.70. Approximately 116,641 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 246,957 shares. The stock had previously closed at $28.31.

Direxion Daily Dow Jones Internet Bull 3x Shares Price Performance

The business has a 50 day moving average of $30.26 and a 200 day moving average of $29.71. The firm has a market capitalization of $126.28 million, a price-to-earnings ratio of 26.56 and a beta of 3.44.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WEBL. Virtu Financial LLC acquired a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares in the first quarter worth $431,000. Jane Street Group LLC bought a new position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter valued at about $526,000. Citizens Financial Group Inc. RI acquired a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the first quarter valued at about $318,000. Two Sigma Securities LLC bought a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter worth about $396,000. Finally, Tower Research Capital LLC TRC bought a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter worth about $324,000.

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.