Short Interest in Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) Declines By 60.5%

Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 15,486 shares, a drop of 60.5% from the May 14th total of 39,173 shares. Based on an average daily trading volume, of 198,023 shares, the short-interest ratio is presently 0.1 days. Currently, 0.3% of the company’s stock are sold short.

Direxion Daily Dow Jones Internet Bull 3x Shares Trading Down 0.9%

NYSEARCA WEBL traded down $0.21 during trading hours on Friday, hitting $23.28. The company’s stock had a trading volume of 266,345 shares, compared to its average volume of 327,224. The company has a market capitalization of $111.74 million, a PE ratio of 26.56 and a beta of 3.63. Direxion Daily Dow Jones Internet Bull 3x Shares has a 52 week low of $14.90 and a 52 week high of $35.24. The company’s 50-day simple moving average is $23.74 and its two-hundred day simple moving average is $23.49.

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

Several institutional investors have recently bought and sold shares of the stock. Group One Trading LLC lifted its stake 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 acquiring an additional 647 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Direxion Daily Dow Jones Internet Bull 3x Shares by 96.6% in the third 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 last quarter. Tower Research Capital LLC TRC bought a new position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter valued at about $324,000. Two Sigma Securities LLC purchased a new position in Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter worth about $396,000. Finally, Virtu Financial LLC purchased a new position in Direxion Daily Dow Jones Internet Bull 3x Shares during the fourth quarter worth about $382,000.

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.