Direxion Daily Dow Jones Internet Bull 3X ETF (NYSEARCA:WEBL) Sees Large Growth in Short Interest

by · The Markets Daily

Direxion Daily Dow Jones Internet Bull 3X ETF (NYSEARCA:WEBL – Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 51,861 shares, an increase of 134.9% from the August 31st total of 22,074 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily trading volume, of 69,205 shares, the days-to-cover ratio is presently 0.7 days.

Direxion Daily Dow Jones Internet Bull 3X ETF Trading Down 6.0%

Shares of NYSEARCA:WEBL traded down $1.77 on Monday, reaching $27.51. The company had a trading volume of 132,867 shares, compared to its average volume of 272,179. The firm’s 50 day simple moving average is $27.95 and its 200-day simple moving average is $24.65. Direxion Daily Dow Jones Internet Bull 3X ETF has a 52-week low of $14.90 and a 52-week high of $34.52. The firm has a market capitalization of $85.28 million, a PE ratio of 26.56 and a beta of 3.64.

About Direxion Daily Dow Jones Internet Bull 3X ETF

(Get Free Report)

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.

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