Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) saw a 2% increase in its shares on Friday, reaching a high of $6.25. The stock closed at $6.24 with 291,385 shares traded. The fifty-day moving average price is $6.72, while the 200-day moving average price is $7.12.
Institutional investors have shown interest in Daily Dow Jones Internet Bear 3X Shares, with Tower Research Capital LLC TRC increasing its position by 1,649.1% in the third quarter. IMC Chicago LLC and Virtu Financial LLC also acquired positions in the company in the first quarter.
Direxion Daily Dow Jones Internet Bear 3X Shares (WEBS) is an exchange-traded fund based on the DJ Internet Composite index, providing 3x daily inverse exposure to a market-cap-weighted index of the largest U.S. Internet companies. Managed by Direxion, WEBS was launched on Nov 7, 2019.
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