Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) Stock Price Up 3.4%

Shares of Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) were up 3.4% during mid-day trading on Friday . The stock traded as high as $16.88 and last traded at $16.71. Approximately 376,519 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 626,726 shares. The stock had previously closed at $16.16.

Daily Dow Jones Internet Bull 3X Shares Stock Up 3.4 %

The stock’s 50-day simple moving average is $16.38 and its 200 day simple moving average is $17.33. The firm has a market cap of $157.07 million, a P/E ratio of 59.87 and a beta of 4.35.

Institutional Investors 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 acquired a new position in shares of Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,850 shares of the company’s stock, valued at approximately $225,000. Quadrature Capital Ltd owned approximately 0.13% of Daily Dow Jones Internet Bull 3X Shares at the end of the most recent reporting period.

About Daily Dow Jones Internet Bull 3X Shares

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.