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

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 Friday, November 1st.

Daily Dow Jones Internet Bear 3X Shares Stock Performance

WEBS opened at $4.79 on Friday. Daily Dow Jones Internet Bear 3X Shares has a twelve month low of $4.65 and a twelve month high of $15.38. The company has a 50-day moving average price of $56.09 and a 200 day moving average price of $63.71.

Institutional Trading of Daily Dow Jones Internet Bear 3X Shares

A hedge fund recently bought a new stake in Daily Dow Jones Internet Bear 3X Shares stock. Virtu Financial LLC acquired a new stake in Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 49,316 shares of the company’s stock, valued at approximately $309,000. Virtu Financial LLC owned approximately 1.72% of Daily Dow Jones Internet Bear 3X Shares at the end of the most recent quarter.

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.