Direxion Daily Dow Jones Internet Bull 3X ETF (NYSEARCA:WEBL) Short Interest Update

Direxion Daily Dow Jones Internet Bull 3X ETF (NYSEARCA:WEBL) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 51,861 shares, a growth of 134.9% from the August 31st total of 22,074 shares. Based on an average daily volume of 69,205 shares, the short-interest ratio is currently 0.7 days. Approximately 1.6% of the company’s shares are short sold.

Direxion Daily Dow Jones Internet Bull 3X ETF Price Performance

Shares of NYSEARCA WEBL traded down $0.28 during midday trading on Friday, hitting $29.28. The stock had a trading volume of 36,530 shares, compared to its average volume of 272,936. The company’s 50-day simple moving average is $27.89 and its 200 day simple moving average is $24.59. The firm has a market cap of $90.77 million, a P/E ratio of 26.56 and a beta of 3.64. Direxion Daily Dow Jones Internet Bull 3X ETF has a fifty-two week low of $14.90 and a fifty-two week high of $34.52.

Direxion Daily Dow Jones Internet Bull 3X ETF 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.