Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS – Get Rating)'s share price dropped 0.1% on Tuesday . The stock traded as low as $18.87 and last traded at $19.34. Approximately 337,688 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 546,622 shares. The stock had previously closed at $19.35.

Daily Dow Jones Internet Bear 3X Shares Price Performance

The company's fifty day moving average is $22.74 and its two-hundred day moving average is $31.93.

Hedge Funds Weigh In On Daily Dow Jones Internet Bear 3X Shares

Several institutional investors have recently modified their holdings of the business. Citadel Advisors LLC grew its stake in shares of Daily Dow Jones Internet Bear 3X Shares by 5.8% in the third quarter. Citadel Advisors LLC now owns 22,373 shares of the company's stock worth $973,000 after acquiring an additional 1,226 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Daily Dow Jones Internet Bear 3X Shares in the second quarter worth $64,000. Kingfisher Capital LLC grew its stake in shares of Daily Dow Jones Internet Bear 3X Shares by 90.9% in the third quarter. Kingfisher Capital LLC now owns 10,500 shares of the company's stock worth $456,000 after acquiring an additional 5,000 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Daily Dow Jones Internet Bear 3X Shares in the second quarter worth $386,000. Finally, IMC Chicago LLC acquired a new position in shares of Daily Dow Jones Internet Bear 3X Shares during the third quarter worth $464,000.

About Daily Dow Jones Internet Bear 3X Shares

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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.

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