Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) Short Interest Down 44.0% in July

Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 45,532 shares, a decrease of 44.0% from the June 30th total of 81,329 shares. Based on an average daily volume of 233,505 shares, the short-interest ratio is presently 0.2 days. Currently, 1.2% of the shares of the stock are sold short.

Direxion Daily Dow Jones Internet Bull 3x Shares Stock Performance

Shares of WEBL stock traded down $0.14 during trading hours on Wednesday, hitting $23.40. The company had a trading volume of 115,232 shares, compared to its average volume of 318,564. The firm’s fifty day moving average is $24.60 and its 200 day moving average is $22.53. The firm has a market capitalization of $86.58 million, a price-to-earnings ratio of 26.56 and a beta of 3.63. Direxion Daily Dow Jones Internet Bull 3x Shares has a 12 month low of $14.90 and a 12 month high of $35.24.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC bought a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares during the 4th quarter worth about $382,000. Jane Street Group LLC bought a new position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd 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 during the 2nd quarter worth approximately $396,000. Tower Research Capital LLC TRC acquired a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the 2nd quarter worth approximately $324,000. Finally, Qube Research & Technologies Ltd raised its stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares by 96.6% during the third quarter. Qube Research & Technologies Ltd now owns 1,158 shares of the company’s stock worth $37,000 after buying 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.