Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) Short Interest Up 135.7% in July

Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 107,298 shares, a growth of 135.7% from the July 15th total of 45,532 shares. Based on an average daily trading volume, of 173,762 shares, the days-to-cover ratio is presently 0.6 days. Currently, 2.9% of the company’s stock are sold short.

Hedge Funds Weigh In On Direxion Daily Dow Jones Internet Bull 3x Shares

Several institutional investors and hedge funds have recently bought and sold shares of WEBL. Jane Street Group LLC purchased a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the second quarter worth approximately $526,000. Two Sigma Securities LLC purchased a new position in Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter valued at approximately $396,000. Tower Research Capital LLC TRC purchased a new position in Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter valued at approximately $324,000. Group One Trading LLC increased 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 valued at $30,000 after buying an additional 647 shares during the period. Finally, Qube Research & Technologies Ltd increased its stake 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 valued at $37,000 after buying an additional 569 shares during the period.

Direxion Daily Dow Jones Internet Bull 3x Shares Stock Performance

NYSEARCA:WEBL traded down $1.26 during trading hours on Friday, hitting $29.86. 83,711 shares of the company’s stock traded hands, compared to its average volume of 308,941. The firm has a market cap of $110.48 million, a P/E ratio of 26.56 and a beta of 3.62. Direxion Daily Dow Jones Internet Bull 3x Shares has a twelve month low of $14.90 and a twelve month high of $35.24. The stock’s fifty day moving average price is $24.82 and its two-hundred day moving average price is $22.79.

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.