Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) Trading Down 1.4% – What’s Next?

Shares of Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) were down 1.4% on Monday . The company traded as low as $35.61 and last traded at $36.59. Approximately 73,314 shares traded hands during mid-day trading, an increase of 43% from the average daily volume of 51,329 shares. The stock had previously closed at $37.10.

Daily Dow Jones Internet Bear 3X Shares Stock Performance

The firm has a 50 day moving average price of $338.52 and a 200-day moving average price of $555.57.

Institutional Trading of Daily Dow Jones Internet Bear 3X Shares

An institutional investor recently bought a new position in Daily Dow Jones Internet Bear 3X Shares stock. Virtu Financial LLC acquired a new position in shares of Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 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.