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 closing bell on Thursday, October 31st.

Daily Dow Jones Internet Bear 3X Shares Stock Performance

NYSEARCA WEBS opened at $4.81 on Thursday. Daily Dow Jones Internet Bear 3X Shares has a 52 week low of $4.65 and a 52 week high of $16.47. The business’s fifty day simple moving average is $5.76 and its 200-day simple moving average is $6.43.

Institutional Investors Weigh In On Daily Dow Jones Internet Bear 3X Shares

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