Shares of the Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS – Free Report) rose 2% on Friday. The stock rose as high as $6.25 and was last seen at $6.24. During trading, 291,385 shares changed hands, a 49% decline from the average session volume of 574,237 shares. The stock previously closed at $6.12.
Daily price development of Dow Jones Internet Bear 3X shares
The company’s 50-day moving average price is $6.72 and its 200-day moving average price is $7.12.
Institutional inflows and outflows
Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its position in shares of Daily Dow Jones Internet Bear 3X Shares by 1,649.1% during the third quarter. Tower Research Capital LLC TRC now owns 33,163 shares of the company’s stock valued at $471,000 after purchasing an additional 31,267 shares in the last quarter. IMC Chicago LLC bought a new position in shares of Daily Dow Jones Internet Bear 3X Shares in the 1st quarter valued at about $404,000. Finally, Virtu Financial LLC bought a new position in shares of Daily Dow Jones Internet Bear 3X Shares in the 1st quarter valued at $309,000.
About Daily Dow Jones Internet Bear 3X Shares
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The Direxion Daily Dow Jones Internet Bear 3X Shares (WEBS) is an exchange-traded fund based on the DJ Internet Composite Index. The fund offers 3x daily inverse exposure to a market capitalization-weighted index of the largest and most liquid U.S. Internet companies. WEBS was launched on November 7, 2019 and is managed by Direxion.
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