Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) Stock Price Up 7.5% – Should You Buy?

Shares of Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) were up 7.5% during mid-day trading on Monday . The stock traded as high as $23.10 and last traded at $22.99. Approximately 283,188 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 415,409 shares. The stock had previously closed at $21.38.

Daily Dow Jones Internet Bull 3X Shares Price Performance

The stock has a 50-day moving average of $28.08 and a 200-day moving average of $25.15. The firm has a market cap of $132.19 million, a price-to-earnings ratio of 25.46 and a beta of 3.56.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of WEBL. Susquehanna International Group LLP acquired a new stake in Daily Dow Jones Internet Bull 3X Shares during the fourth quarter worth about $2,404,000. SBI Securities Co. Ltd. bought a new position in Daily Dow Jones Internet Bull 3X Shares in the fourth quarter valued at approximately $1,364,000. Chicago Partners Investment Group LLC acquired a new position in Daily Dow Jones Internet Bull 3X Shares during the fourth quarter valued at approximately $696,000. Tower Research Capital LLC TRC bought a new stake in Daily Dow Jones Internet Bull 3X Shares during the fourth quarter worth $500,000. Finally, Jane Street Group LLC acquired a new stake in shares of Daily Dow Jones Internet Bull 3X Shares in the 4th quarter valued at $488,000.

About 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.