Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) Shares Down 5.9%

Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) shares were down 5.9% on Tuesday . The company traded as low as $6.82 and last traded at $6.90. Approximately 492,693 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 631,499 shares. The stock had previously closed at $7.33.

Daily Dow Jones Internet Bear 3X Shares Stock Up 4.4 %

The firm has a 50 day moving average of $6.61 and a two-hundred day moving average of $9.21.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Daily Dow Jones Internet Bear 3X Shares stock. IMC Chicago LLC purchased a new position in shares of Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 64,395 shares of the company’s stock, valued at approximately $404,000. IMC Chicago LLC owned approximately 2.41% of Daily Dow Jones Internet Bear 3X Shares as of its most recent filing with the Securities and Exchange Commission (SEC).

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.