Direxion Daily Dow Jones Internet Bear 3X ETF (NYSEARCA:WEBS – Get Free Report) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 19,647 shares, a decrease of 50.1% from the August 15th total of 39,410 shares. Based on an average trading volume of 43,946 shares, the days-to-cover ratio is currently 0.4 days. Currently, 4.4% of the shares of the stock are short sold.
Direxion Daily Dow Jones Internet Bear 3X ETF Trading Up 2.3%
Direxion Daily Dow Jones Internet Bear 3X ETF stock traded up $0.31 during midday trading on Tuesday, reaching $14.26. 24,539 shares of the company were exchanged, compared to its average volume of 77,167. The firm’s 50-day simple moving average is $15.97 and its 200-day simple moving average is $20.00. Direxion Daily Dow Jones Internet Bear 3X ETF has a 1 year low of $13.38 and a 1 year high of $33.25.
Institutional Investors Weigh In On Direxion Daily Dow Jones Internet Bear 3X ETF
A hedge fund recently raised its position in Direxion Daily Dow Jones Internet Bear 3X ETF stock. Citadel Advisors LLC increased its position in Direxion Daily Dow Jones Internet Bear 3X ETF (NYSEARCA:WEBS – Free Report) by 40.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,673 shares of the company’s stock after buying an additional 9,191 shares during the period. Citadel Advisors LLC owned about 7.04% of Direxion Daily Dow Jones Internet Bear 3X ETF worth $614,000 as of its most recent SEC filing.
Direxion Daily Dow Jones Internet Bear 3X ETF Company Profile
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.
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