Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) Shares Down 5.9%

Shares of Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) traded down 5.9% on Tuesday . The company traded as low as $6.82 and last traded at $6.90. 492,693 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 631,499 shares. The stock had previously closed at $7.33.

Daily Dow Jones Internet Bear 3X Shares Price Performance

The business has a 50-day moving average price of $6.59 and a two-hundred day moving average price of $9.24.

Institutional Trading of Daily Dow Jones Internet Bear 3X Shares

An institutional investor recently raised its position in Daily Dow Jones Internet Bear 3X Shares stock. Tower Research Capital LLC TRC increased its stake in shares of Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) by 1,649.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,163 shares of the company’s stock after purchasing an additional 31,267 shares during the quarter. Tower Research Capital LLC TRC owned approximately 1.24% of Daily Dow Jones Internet Bear 3X Shares worth $471,000 as of its most recent filing with the Securities and Exchange Commission.

Daily Dow Jones Internet Bear 3X Shares Company Profile

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.