Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) Shares Up 3.4% – Here’s Why

Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL)’s stock price shot up 3.4% during trading on Tuesday . The company traded as high as $24.50 and last traded at $24.45. 533,314 shares were traded during trading, a decline of 1% from the average session volume of 536,469 shares. The stock had previously closed at $23.65.

Daily Dow Jones Internet Bull 3X Shares Stock Performance

The business has a fifty day simple moving average of $20.29 and a 200 day simple moving average of $17.88. The stock has a market cap of $229.83 million, a price-to-earnings ratio of 59.87 and a beta of 4.35.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Daily Dow Jones Internet Bull 3X Shares stock. Quadrature Capital Ltd bought a new position in Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,850 shares of the company’s stock, valued at approximately $225,000. Quadrature Capital Ltd owned 0.13% of Daily Dow Jones Internet Bull 3X Shares at the end of the most recent quarter.

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.