Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) Short Interest Update

Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 284,343 shares, a growth of 152.6% from the January 29th total of 112,566 shares. Based on an average trading volume of 358,985 shares, the short-interest ratio is presently 0.8 days. Currently, 6.9% of the company’s stock are sold short. Currently, 6.9% of the company’s stock are sold short. Based on an average trading volume of 358,985 shares, the short-interest ratio is presently 0.8 days.

Direxion Daily Dow Jones Internet Bull 3x Shares Stock Up 2.5%

Shares of NYSEARCA:WEBL opened at $19.09 on Friday. Direxion Daily Dow Jones Internet Bull 3x Shares has a twelve month low of $11.67 and a twelve month high of $35.24. The stock’s 50 day moving average is $23.86 and its 200-day moving average is $28.29. The firm has a market capitalization of $79.22 million, a price-to-earnings ratio of 26.56 and a beta of 3.44.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Jane Street Group LLC acquired a new position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter valued at about $526,000. Two Sigma Securities LLC acquired a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter worth about $396,000. Virtu Financial LLC bought a new position in Direxion Daily Dow Jones Internet Bull 3x Shares in the 4th quarter valued at about $382,000. Tower Research Capital LLC TRC acquired a new position in Direxion Daily Dow Jones Internet Bull 3x Shares during the 2nd quarter valued at about $324,000. Finally, Qube Research & Technologies Ltd boosted its stake in Direxion Daily Dow Jones Internet Bull 3x Shares by 96.6% during the 3rd 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.

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.