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

Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL)’s share price dropped 1.5% during trading on Friday . The stock traded as low as $17.93 and last traded at $17.99. Approximately 345,969 shares changed hands during trading, a decline of 46% from the average daily volume of 645,680 shares. The stock had previously closed at $18.27.

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

The firm has a market cap of $169.11 million, a price-to-earnings ratio of 59.87 and a beta of 4.35. The firm has a 50 day moving average of $17.10 and a 200 day moving average of $17.13.

Institutional Inflows and Outflows

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

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.