Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS) Stock Price Down 2.6% – Should You Sell?

Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS)’s stock price fell 2.6% on Wednesday . The stock traded as low as $20.49 and last traded at $20.51. 96,466 shares traded hands during trading, an increase of 11% from the average session volume of 87,227 shares. The stock had previously closed at $21.06.

Direxion Daily Dow Jones Internet Bear 3x Shares Stock Down 3.0%

The firm’s 50 day moving average is $25.63 and its 200-day moving average is $22.61.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Direxion Daily Dow Jones Internet Bear 3x Shares stock. Tower Research Capital LLC TRC increased its holdings in shares of Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS) by 96.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,350 shares of the company’s stock after acquiring an additional 23,795 shares during the period. Tower Research Capital LLC TRC owned approximately 10.74% of Direxion Daily Dow Jones Internet Bear 3x Shares worth $1,001,000 as of its most recent SEC filing.

Direxion Daily Dow Jones Internet Bear 3x Shares 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.