Daily Dow Jones Internet Bear 3X Shares (WEBS)
| Assets | $5.08M |
| NAV | $15.88 |
| Expense Ratio | 1.07% |
| PE Ratio | n/a |
| Shares Out | 320,000 |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | Mar 24, 2020 |
| 1-Year Return | -49.02% |
| Volume | 62,221 |
| Open | 13.63 |
| Previous Close | 15.46 |
| Day's Range | 15.32 - 15.99 |
| 52-Week Low | 13.12 |
| 52-Week High | 13.12 |
| Beta | -2.05 |
| Holdings | 6 |
| Inception Date | Nov 7, 2019 |
About WEBS
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Dow Jones Internet Composite Index. The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets. The index includes companies that generate at least 50% of their annual sales/revenue from the internet as determined by the index provider. It is non-diversified.
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 24, 2020 | $0.315 | Mar 31, 2020 |
| Dec 23, 2019 | $0.2541 | Dec 31, 2019 |
News
Is Tech Dominance Starting to Wane? Check Out This Inverse Internet ETF
Technology was one of the shining stars during the pandemic as more people relied on the internet amid social distancing measures, but that strength could be waning. If that's the case, there could be s...
Rising Yields Rattles Market: Inverse ETFs in Vogue
Wall Street resumed its quarter-end decline in the face of rising yields. This has resulted in a spike in inverse or inverse leveraged ETFs.
5 Inverse ETFs Jump Most on Market Sell-Off
We have highlighted the five best-leveraged inverse ETFs that piled up handsome gains on the broad sell-off.
5 Best Inverse/Leveraged ETFs of Last Week
The U.S. economy is witnessing a rise in the number of new Delta variant cases. This fear weighed on the broader market last week.
Think the Tech Sector Is Going Belly Up? The WEBS ETF Is for You
2020 saw the tech sector basking in the sunlight, but 2021 is starting out to be the year of cyclical sectors. Traders can play the short-term weakness in tech using the Direxion Daily Dow Jones Interne...
4 Inverse leveraged ETFs of Last Week
Wall Street crashed last week on renewed virus fear, election uncertainty and subdued tech earnings.
5 Inverse Tech ETFs Jump on Fastest-Ever Nasdaq Correction
The Nasdaq slumped to the correction territory (down 10% from the peak) in just three days, representing its quickest plunge ever from a record close.
Goldman Sachs Says Bear Market Is Coming This Year
While Merrill Lynch Wealth Management and Bank of America said on Tuesday that a recession might not be in the cards, Goldman Sachs’ premier U.S. stock strategist noted Wednesday that the longest U.S. b...
Could The Fed Make Another Rate Cut This Month?
Last Tuesday, the Federal Reserve made an emergency rate cut, which quickly tanked markets after a brief pop higher.
Can A Fed Rate Cut Rescue Markets Longer Term?
On Tuesday, the Federal Reserve announced an emergency rate cut of 50 basis points in response to the broadening economic threat of the coronavirus contagion. While the move was widely expected, is it e...
Markets Fall As Companies Change Conference Plans Due To Coronavirus
U.S. stocks continue to fall on Friday as markets are in extreme panic due to the coronavirus outbreak, and have now entered correction territory, down more than 10% from all-time highs. The coronavirus...
Jim Cramer: Now Is the Time to Buy Some Stocks
While most investors and analysts are shying away from stocks, or even altogether avoiding them like the plague, famed analyst Jim Cramer of CNBC’s Mad Money says now is the time to deploy some capital ...
3 Inverse ETFs to Take Advantage of Stock Market Panic
With stocks falling apart in their worst four-day performance since December 2018, now in negative territory for the year, investors are scrambling to take cover and decide where to reallocate assets. S...