Direxion Daily Dow Jones Internet Bear 3X ETF (WEBS)
Direxion Daily Dow Jones Internet Bear 3X ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $14.24, down 1.04% on the session, giving a market capitalisation of $9.5M. Its beta of -3.45 implies it has historically moved less than the broad market.
This fund is designed to deliver daily investment returns mirroring three times the inverse (opposite) performance of the Dow Jones Internet Composite Index, calculated before any fees and expenses. However, there is no assurance that the fund will successfully achieve its specified daily investment goal.
Direxion Daily Dow Jones Internet Bear 3X ETF is most often compared with the following Financial Services names: