Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) Trading Up 1.3%

Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) shot up 1.3% during mid-day trading on Monday . The stock traded as high as $6.41 and last traded at $6.34. 155,277 shares were traded during trading, a decline of 71% from the average session volume of 544,464 shares. The stock had previously closed at $6.26.

Daily Dow Jones Internet Bear 3X Shares Price Performance

The stock’s 50-day moving average is $6.77 and its 200 day moving average is $6.69.

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 shares of Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) in the first quarter, according to its most recent filing with the SEC. The firm purchased 49,316 shares of the company’s stock, valued at approximately $309,000. Virtu Financial LLC owned 1.72% 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.