Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) Trading Down 1.5%

Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) shares fell 1.5% on Friday . The company traded as low as $17.93 and last traded at $17.99. 345,969 shares were traded during mid-day trading, a decline of 46% from the average session volume of 645,680 shares. The stock had previously closed at $18.27.

Daily Dow Jones Internet Bull 3X Shares Trading Down 1.5 %

The stock has a fifty day simple moving average of $17.10 and a two-hundred day simple moving average of $17.13. The company has a market cap of $169.11 million, a PE ratio of 59.87 and a beta of 4.35.

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

An institutional investor recently bought a new position in Daily Dow Jones Internet Bull 3X Shares stock. Quadrature Capital Ltd purchased a new position in shares of Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,850 shares of the company’s stock, valued at approximately $225,000. Quadrature Capital Ltd owned approximately 0.13% of Daily Dow Jones Internet Bull 3X Shares at the end of the most recent reporting period.

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.