Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) Trading Up 1.1%

Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) shot up 1.1% during trading on Friday . The company traded as high as $16.48 and last traded at $16.22. 259,273 shares traded hands during trading, a decline of 57% from the average session volume of 601,717 shares. The stock had previously closed at $16.04.

Daily Dow Jones Internet Bull 3X Shares Trading Up 1.1 %

The stock has a market cap of $152.47 million, a P/E ratio of 59.87 and a beta of 4.35. The firm’s fifty day moving average is $15.83 and its 200 day moving average is $17.07.

Institutional Trading of Daily Dow Jones Internet Bull 3X Shares

An institutional investor recently bought a new stake in Daily Dow Jones Internet Bull 3X Shares stock. Quadrature Capital Ltd acquired a new stake in shares of Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 11,850 shares of the company’s stock, valued at approximately $225,000. Quadrature Capital Ltd owned approximately 0.13% of Daily Dow Jones Internet Bull 3X Shares at the end of the most recent reporting period.

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.