Direxion Daily Dow Jones Internet Bear 3x Shares (NYSEARCA:WEBS – Get Free Report) were up 2.2% on Monday . The stock traded as high as $19.43 and last traded at $19.13. Approximately 40,080 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 72,767 shares. The stock had previously closed at $18.71.
Direxion Daily Dow Jones Internet Bear 3x Shares Price Performance
The firm has a 50-day moving average price of $20.70 and a two-hundred day moving average price of $29.51.
Institutional Investors Weigh In On Direxion Daily Dow Jones Internet Bear 3x Shares
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE acquired a new stake in shares of Direxion Daily Dow Jones Internet Bear 3x Shares in the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. grew its stake in shares of Direxion Daily Dow Jones Internet Bear 3x Shares by 198.6% in the first quarter. SBI Securities Co. Ltd. now owns 1,096 shares of the company’s stock valued at $48,000 after buying an additional 729 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Direxion Daily Dow Jones Internet Bear 3x Shares by 96.9% in the second quarter. Tower Research Capital LLC TRC now owns 48,350 shares of the company’s stock valued at $1,001,000 after buying an additional 23,795 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Direxion Daily Dow Jones Internet Bear 3x Shares in the fourth quarter valued at $1,500,000.
About Direxion Daily Dow Jones Internet Bear 3x Shares
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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