Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) Trading 4.8% Higher – Still a Buy?

Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBSGet Free Report) shares were up 4.8% during mid-day trading on Tuesday . The company traded as high as $34.32 and last traded at $34.12. Approximately 75,890 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 79,698 shares. The stock had previously closed at $32.55.

Daily Dow Jones Internet Bear 3X Shares Stock Up 4.8 %

The business has a 50 day moving average of $54.05 and a two-hundred day moving average of $423.85.

About Daily Dow Jones Internet Bear 3X Shares

(Get Free Report)

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.

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