Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) Shares Scheduled to Reverse Split on Monday, November 4th

Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) shares are going to reverse split on Monday, November 4th. The 1-10 reverse split was announced on Friday, October 11th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 31st.

Daily Dow Jones Internet Bear 3X Shares Price Performance

WEBS opened at $4.81 on Thursday. The company has a fifty day simple moving average of $5.76 and a 200 day simple moving average of $6.43. Daily Dow Jones Internet Bear 3X Shares has a twelve month low of $4.65 and a twelve month high of $16.47.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Daily Dow Jones Internet Bear 3X Shares stock. Virtu Financial LLC acquired a new stake in shares of Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 49,316 shares of the company’s stock, valued at approximately $309,000. Virtu Financial LLC owned about 1.72% of Daily Dow Jones Internet Bear 3X Shares at the end of the most recent reporting period.

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.