Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) Shares Down 2.5% – Here’s What Happened

Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) were down 2.5% during mid-day trading on Wednesday . The company traded as low as $5.07 and last traded at $5.10. Approximately 333,141 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 514,313 shares. The stock had previously closed at $5.23.

Daily Dow Jones Internet Bear 3X Shares Stock Down 1.6 %

The firm has a 50 day moving average of $6.43 and a 200-day moving average of $6.55.

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 bought a new position in shares of Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 as of its most recent SEC filing.

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.