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

Shares of Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) are scheduled to reverse split on the morning of 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 Price Performance

WEBS opened at $4.79 on Friday. The stock’s 50-day moving average price is $56.09 and its 200 day moving average price is $63.71. Daily Dow Jones Internet Bear 3X Shares has a 12-month low of $4.65 and a 12-month high of $15.38.

Institutional Trading of Daily Dow Jones Internet Bear 3X Shares

A hedge fund recently bought a new stake 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 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

About Daily Dow Jones Internet Bear 3X Shares

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.