Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) Short Interest Update

Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 55,388 shares, a decline of 41.3% from the December 15th total of 94,353 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily volume of 70,377 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 70,377 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.3% of the company’s stock are sold short.

Direxion Daily Dow Jones Internet Bull 3x Shares Stock Performance

Direxion Daily Dow Jones Internet Bull 3x Shares stock traded up $0.60 during mid-day trading on Thursday, reaching $26.12. The company’s stock had a trading volume of 53,366 shares, compared to its average volume of 99,687. The business’s 50 day simple moving average is $27.65 and its 200 day simple moving average is $30.03. Direxion Daily Dow Jones Internet Bull 3x Shares has a 12 month low of $11.67 and a 12 month high of $35.24. The company has a market capitalization of $109.70 million, a price-to-earnings ratio of 26.56 and a beta of 3.44.

Institutional Investors Weigh In On Direxion Daily Dow Jones Internet Bull 3x Shares

A number of large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in Direxion Daily Dow Jones Internet Bull 3x Shares in the second quarter valued at about $526,000. Two Sigma Securities LLC acquired a new position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the second quarter worth approximately $396,000. Tower Research Capital LLC TRC bought a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares in the second quarter valued at approximately $324,000. Group One Trading LLC increased its position in Direxion Daily Dow Jones Internet Bull 3x Shares by 229.4% during 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 increased its position 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 purchasing an additional 569 shares during the period.

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.