Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) Stock Price Down 1.4% – Should You Sell?

Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) shares were down 1.4% on Monday . The company traded as low as $35.61 and last traded at $36.59. Approximately 73,314 shares changed hands during mid-day trading, an increase of 43% from the average daily volume of 51,329 shares. The stock had previously closed at $37.10.

Daily Dow Jones Internet Bear 3X Shares Trading Up 2.8 %

The company’s 50 day moving average price is $338.52 and its 200-day moving average price is $555.57.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Daily Dow Jones Internet Bear 3X Shares stock. Virtu Financial LLC acquired a new position in Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,316 shares of the company’s stock, valued at approximately $309,000. Virtu Financial LLC owned approximately 1.72% of Daily Dow Jones Internet Bear 3X Shares as of its most recent SEC filing.

About Daily Dow Jones Internet Bear 3X Shares

The Direxion Daily Dow Jones Internet Bear 3X Shares (WEBS) is an exchange-traded fund that is based on the DJ Internet Composite index. The fund provides 3x daily inverse exposure to a market-cap-weighted index of the largest and most liquid U.S. Internet companies. WEBS was launched on Nov 7, 2019 and is managed by Direxion.