Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) Short Interest Down 52.7% in August

by · The Markets Daily

Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL – Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 50,737 shares, a decrease of 52.7% from the July 30th total of 107,298 shares. Based on an average trading volume of 194,637 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Group One Trading LLC boosted its stake in Direxion Daily Dow Jones Internet Bull 3x Shares by 229.4% in the 3rd quarter. Group One Trading LLC now owns 929 shares of the company’s stock worth $30,000 after purchasing an additional 647 shares during the period. Qube Research & Technologies Ltd increased its position in Direxion Daily Dow Jones Internet Bull 3x Shares by 96.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,158 shares of the company’s stock worth $37,000 after purchasing an additional 569 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the 2nd quarter worth about $324,000. Two Sigma Securities LLC acquired a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the 2nd quarter valued at about $396,000. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the 4th quarter valued at about $382,000.

Direxion Daily Dow Jones Internet Bull 3x Shares Stock Performance

Shares of NYSEARCA WEBL traded up $0.20 during midday trading on Friday, hitting $30.59. The company’s stock had a trading volume of 151,898 shares, compared to its average volume of 296,641. Direxion Daily Dow Jones Internet Bull 3x Shares has a 1-year low of $14.90 and a 1-year high of $35.24. The firm’s fifty day moving average price is $25.78 and its 200-day moving average price is $23.13. The firm has a market cap of $113.18 million, a P/E ratio of 26.56 and a beta of 3.62.

Direxion Daily Dow Jones Internet Bull 3x Shares Company Profile

(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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