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

Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) shares are set 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 Thursday, October 31st.

Daily Dow Jones Internet Bear 3X Shares Trading Up 0.6 %

Shares of NYSEARCA WEBS opened at $4.94 on Wednesday. The firm’s 50-day simple moving average is $5.95 and its 200 day simple moving average is $6.48. Daily Dow Jones Internet Bear 3X Shares has a 12-month low of $4.86 and a 12-month high of $17.86.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Daily Dow Jones Internet Bear 3X Shares stock. Virtu Financial LLC purchased a new stake in Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 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 at the end of the most recent reporting period.

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.