Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) Trading 3.4% Higher – Should You Buy?

Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) rose 3.4% during trading on Tuesday . The company traded as high as $24.50 and last traded at $24.45. Approximately 533,314 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 536,469 shares. The stock had previously closed at $23.65.

Daily Dow Jones Internet Bull 3X Shares Price Performance

The stock has a 50-day moving average of $20.67 and a 200 day moving average of $17.99. The company has a market cap of $242.68 million, a P/E ratio of 59.87 and a beta of 4.35.

Institutional Trading of Daily Dow Jones Internet Bull 3X Shares

A hedge fund recently bought a new stake in Daily Dow Jones Internet Bull 3X Shares stock. Quadrature Capital Ltd purchased a new stake in shares of Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 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 quarter.

About 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.