Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) Shares Up 3.4% – What’s Next?

Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) were up 3.4% during trading on Tuesday . The stock traded as high as $21.08 and last traded at $20.96. Approximately 155,551 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 548,379 shares. The stock had previously closed at $20.27.

Daily Dow Jones Internet Bull 3X Shares Price Performance

The stock has a market cap of $192.14 million, a price-to-earnings ratio of 59.87 and a beta of 4.35. The business has a fifty day moving average of $18.07 and a 200 day moving average of $17.18.

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 bought a new stake in shares of Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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.