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

Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 33,324 shares, a drop of 73.2% from the April 15th total of 124,415 shares. Based on an average daily volume of 386,641 shares, the short-interest ratio is presently 0.1 days. Currently, 0.7% of the shares of the stock are short sold.

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

A number of hedge funds have recently made changes to their positions in WEBL. Jane Street Group LLC acquired a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter valued at approximately $526,000. Two Sigma Securities LLC bought a new position in Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter valued at approximately $396,000. Tower Research Capital LLC TRC bought a new position in Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter valued at approximately $324,000. Group One Trading LLC raised its holdings in 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 buying an additional 647 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in 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 valued at $37,000 after buying an additional 569 shares during the last quarter.

Direxion Daily Dow Jones Internet Bull 3x Shares Stock Performance

Shares of WEBL traded up $0.47 during mid-day trading on Wednesday, reaching $23.80. The company had a trading volume of 295,834 shares, compared to its average volume of 353,902. The company’s 50 day simple moving average is $20.47 and its 200 day simple moving average is $24.08. Direxion Daily Dow Jones Internet Bull 3x Shares has a 1-year low of $14.90 and a 1-year high of $35.24. The company has a market capitalization of $114.24 million, a price-to-earnings ratio of 26.56 and a beta of 3.60.

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.