Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) Shares Up 2.7% – Here’s What Happened

Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) shot up 2.7% during mid-day trading on Thursday . The stock traded as high as $31.64 and last traded at $31.61. 243,399 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 397,192 shares. The stock had previously closed at $30.78.

Daily Dow Jones Internet Bull 3X Shares Trading Up 2.7 %

The stock’s fifty day moving average is $28.08 and its two-hundred day moving average is $21.44. The firm has a market cap of $297.13 million, a P/E ratio of 59.87 and a beta of 4.35.

Daily Dow Jones Internet Bull 3X Shares Company Profile

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.