Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) Trading 3.4% Higher – Should You Buy?

Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) traded up 3.4% during mid-day trading on Tuesday . The stock traded as high as $24.50 and last traded at $24.45. 533,314 shares traded hands during trading, a decline of 1% from the average session volume of 536,469 shares. The stock had previously closed at $23.65.

Daily Dow Jones Internet Bull 3X Shares Stock Performance

The company has a market cap of $242.68 million, a P/E ratio of 59.87 and a beta of 4.35. The business has a fifty day simple moving average of $20.67 and a 200 day simple moving average of $17.99.

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

An institutional investor recently bought a new position in Daily Dow Jones Internet Bull 3X Shares stock. Quadrature Capital Ltd bought a new stake in Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 11,850 shares of the company’s stock, valued at approximately $225,000. Quadrature Capital Ltd owned about 0.13% of Daily Dow Jones Internet Bull 3X Shares as of its most recent filing with the Securities & Exchange Commission.

Daily Dow Jones Internet Bull 3X Shares Company Profile

The Direxion Daily Dow Jones Internet Bull 3X Shares (WEBL) is an exchange-traded fund that is based on the DJ Internet Composite index. The fund provides 3x leveraged daily exposure to a market-cap-weighted index of the largest and most liquid U.S. Internet companies. WEBL was launched on Nov 7, 2019 and is managed by Direxion.