Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) Shares to Reverse Split on Monday, November 4th

Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS)’s stock is going to reverse split on the morning of Monday, November 4th. The 1-10 reverse split was announced on Friday, October 11th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, November 1st.

Daily Dow Jones Internet Bear 3X Shares Stock Performance

Shares of WEBS opened at $4.79 on Friday. Daily Dow Jones Internet Bear 3X Shares has a one year low of $4.65 and a one year high of $15.38. The company has a 50-day simple moving average of $56.09 and a two-hundred day simple moving average of $63.71.

Hedge Funds Weigh In On Daily Dow Jones Internet Bear 3X Shares

An institutional investor recently bought a new position in Daily Dow Jones Internet Bear 3X Shares stock. Virtu Financial LLC bought a new position in Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 49,316 shares of the company’s stock, valued at approximately $309,000. Virtu Financial LLC owned about 1.72% of Daily Dow Jones Internet Bear 3X Shares as of its most recent filing with the Securities and Exchange Commission (SEC).

Daily Dow Jones Internet Bear 3X Shares Company Profile

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.