Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) Sees Large Increase in Short Interest

Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 112,566 shares, a growth of 67.3% from the January 15th total of 67,285 shares. Based on an average daily trading volume, of 179,935 shares, the short-interest ratio is presently 0.6 days. Currently, 2.7% of the company’s stock are sold short. Currently, 2.7% of the company’s stock are sold short. Based on an average daily trading volume, of 179,935 shares, the short-interest ratio is presently 0.6 days.

Direxion Daily Dow Jones Internet Bull 3x Shares Stock Up 2.5%

NYSEARCA:WEBL opened at $18.02 on Friday. The stock has a market capitalization of $74.78 million, a price-to-earnings ratio of 26.56 and a beta of 3.44. Direxion Daily Dow Jones Internet Bull 3x Shares has a 52 week low of $11.67 and a 52 week high of $35.24. The firm has a 50 day moving average of $25.61 and a 200 day moving average of $29.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WEBL. Jane Street Group LLC purchased a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares in the second quarter valued at about $526,000. Two Sigma Securities LLC purchased a new position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter valued at approximately $396,000. Tower Research Capital LLC TRC acquired a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter worth approximately $324,000. Qube Research & Technologies Ltd grew its position in 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 worth $37,000 after purchasing an additional 569 shares during the last quarter. Finally, Group One Trading LLC grew its position in 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 purchasing an additional 647 shares during the last quarter.

Direxion 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.