Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) Shares Up 0.5% – Here’s Why

Shares of Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) traded up 0.5% on Friday . The stock traded as high as $28.42 and last traded at $28.38. 67,931 shares changed hands during trading, a decline of 71% from the average session volume of 237,942 shares. The stock had previously closed at $28.25.

Direxion Daily Dow Jones Internet Bull 3x Shares Stock Performance

The firm’s 50 day moving average is $29.00 and its 200-day moving average is $29.96. The stock has a market capitalization of $124.87 million, a price-to-earnings ratio of 26.56 and a beta of 3.44.

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

A number of institutional investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter valued at about $526,000. Two Sigma Securities LLC purchased a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the second quarter valued at approximately $396,000. Tower Research Capital LLC TRC purchased a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the second quarter valued at approximately $324,000. Group One Trading LLC raised its stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares by 229.4% during the 3rd quarter. Group One Trading LLC now owns 929 shares of the company’s stock worth $30,000 after buying an additional 647 shares during the period. Finally, Qube Research & Technologies Ltd lifted its position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares by 96.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,158 shares of the company’s stock valued at $37,000 after buying an additional 569 shares in the last quarter.

About Direxion 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.