Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) Trading Up 5.8% – Time to Buy?

Shares of Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) rose 5.8% on Wednesday . The stock traded as high as $32.15 and last traded at $31.78. Approximately 529,603 shares were traded during mid-day trading, an increase of 0% from the average daily volume of 528,510 shares. The stock had previously closed at $30.04.

Daily Dow Jones Internet Bull 3X Shares Stock Performance

The company has a market capitalization of $289.80 million, a PE ratio of 59.87 and a beta of 4.35. The stock has a 50 day moving average price of $23.94 and a two-hundred day moving average price of $19.10.

About Daily Dow Jones Internet Bull 3X Shares

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.