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

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

Daily Dow Jones Internet Bear 3X Shares Stock Performance

The stock’s 50-day simple moving average is $6.59 and its two-hundred day simple moving average is $9.24.

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

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.