Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) Stock Price Up 2%

Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) shares traded up 2% on Friday . The stock traded as high as $6.25 and last traded at $6.24. 291,385 shares changed hands during trading, a decline of 49% from the average session volume of 574,237 shares. The stock had previously closed at $6.12.

Daily Dow Jones Internet Bear 3X Shares Price Performance

The business’s fifty 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% in the third quarter. Tower Research Capital LLC TRC now owns 33,163 shares of the company’s stock worth $471,000 after purchasing an additional 31,267 shares during the last quarter. IMC Chicago LLC purchased a new position in Daily Dow Jones Internet Bear 3X Shares in the 1st quarter worth approximately $404,000. Finally, Virtu Financial LLC bought a new position in shares of Daily Dow Jones Internet Bear 3X Shares in the 1st quarter worth $309,000.

About 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.