Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) Trading Down 1%

Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL)’s share price traded down 1% during trading on Monday . The company traded as low as $11.51 and last traded at $11.60. 717,171 shares were traded during mid-day trading, a decline of 61% from the average session volume of 1,840,706 shares. The stock had previously closed at $11.72.

Daily Dow Jones Internet Bull 3X Shares Price Performance

The stock has a market cap of $165.30 million, a price-to-earnings ratio of 25.56 and a beta of 3.41. The business’s fifty day simple moving average is $12.10 and its 200 day simple moving average is $10.10.

Institutional Investors Weigh In On Daily Dow Jones Internet Bull 3X Shares

A number of hedge funds have recently added to or reduced their stakes in WEBL. Susquehanna International Group LLP bought a new stake in Daily Dow Jones Internet Bull 3X Shares in the fourth quarter valued at $859,000. Jane Street Group LLC bought a new stake in Daily Dow Jones Internet Bull 3X Shares in the first quarter valued at $1,195,000. HRT Financial LP bought a new stake in Daily Dow Jones Internet Bull 3X Shares in the fourth quarter valued at $720,000. Renaissance Technologies LLC bought a new stake in Daily Dow Jones Internet Bull 3X Shares in the second quarter valued at $938,000. Finally, Virtu Financial LLC bought a new stake in Daily Dow Jones Internet Bull 3X Shares in the fourth quarter valued at $432,000.

About Daily Dow Jones Internet Bull 3X Shares

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.