Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS) Stock Price Down 0.9% – Time to Sell?

Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBSGet Free Report) shares traded down 0.9% during trading on Monday . The company traded as low as $19.52 and last traded at $19.78. 31,357 shares were traded during mid-day trading, a decline of 53% from the average session volume of 66,364 shares. The stock had previously closed at $19.96.

Direxion Daily Dow Jones Internet Bear 3x Shares Trading Down 0.9%

The business has a 50-day moving average of $19.56 and a two-hundred day moving average of $20.03.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily Dow Jones Internet Bear 3x Shares stock. Bank of America Corp DE acquired a new stake in Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBSFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 700 shares of the company’s stock, valued at approximately $25,000.

About Direxion 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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