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 scheduled to reverse split before the market opens on 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 Stock Up 0.6 %

Shares of WEBS opened at $4.94 on Wednesday. Daily Dow Jones Internet Bear 3X Shares has a twelve month low of $4.86 and a twelve month high of $17.86. The company has a 50 day moving average of $5.95 and a 200-day moving average of $6.48.

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

A hedge fund recently bought a new stake in Daily Dow Jones Internet Bear 3X Shares stock. IMC Chicago LLC acquired a new stake in Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 64,395 shares of the company’s stock, valued at approximately $404,000. IMC Chicago LLC owned about 2.41% of Daily Dow Jones Internet Bear 3X Shares at the end of the most recent quarter.

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.