Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) Shares Down 0.6%

Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBSGet Free Report) shares dropped 0.6% on Monday . The company traded as low as $6.11 and last traded at $6.23. Approximately 226,918 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 618,948 shares. The stock had previously closed at $6.27.

Daily Dow Jones Internet Bear 3X Shares Stock Performance

The business has a 50 day simple moving average of $6.74 and a 200-day simple moving average of $10.08.

Hedge Funds Weigh In On Daily Dow Jones Internet Bear 3X Shares

Several large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its holdings in Daily Dow Jones Internet Bear 3X Shares by 183.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,896 shares of the company’s stock worth $26,000 after buying an additional 1,226 shares in the last quarter. Quantbot Technologies LP purchased a new position in Daily Dow Jones Internet Bear 3X Shares in the 2nd quarter worth about $64,000. IMC Chicago LLC acquired a new position in shares of Daily Dow Jones Internet Bear 3X Shares in the third quarter worth about $309,000. HRT Financial LP lifted its position in shares of Daily Dow Jones Internet Bear 3X Shares by 28.9% in the 1st quarter. HRT Financial LP now owns 18,057 shares of the company’s stock valued at $342,000 after acquiring an additional 4,053 shares in the last quarter. Finally, GTS Securities LLC acquired a new stake in shares of Daily Dow Jones Internet Bear 3X Shares in the third quarter worth $369,000.

About Daily Dow Jones Internet Bear 3X Shares

(Get Free Report)

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.

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